xrp whale accumulation - XRP Whale Accumulation Increases as Token Hits Yearly Lows
XRP is witnessing increased whale activity as the cryptocurrency approaches its yearly lows. According to CryptoQuant, large holders are accumulating XRP despite a lack of retail buying interest. This strategic buying is reflected in the rising whale-driven volume on the network, even as prices decline.The XRP Spot Taker CVD has shifted to a taker-buy dominance, indicating stronger demand from large investors. Currently, XRP is trading below key moving averages, with potential support levels identified between $1.80 and $1.90 if the $2.00 mark is breached. For a trend reversal, bulls need to reclaim the 50-day moving average.