XRP dropped below $1 for the first time since 2024 and is down nearly 70% over the past year. Despite this decline, whales purchased approximately 72 million XRP, worth around $72 million, in the past 24 hours alone. Analyst Ali Martinez reported that these large investors accumulated over 380 million XRP in just one week, while the number of addresses holding at least 1 million tokens increased by 32 over the past three months. Meanwhile, CryptoQuant noted that XRP’s selling pressure on Binance reached its highest level since May, with a Taker Buy/Sell ratio dropping to 0.86.
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