XRP whale activity has surged 280% over the past 24 hours, with nearly 40 transactions exceeding $1 million, up from around 10 in the previous two days. Meanwhile, addresses holding between 10 and 100 million XRP accumulated approximately 72 million tokens worth roughly $72 million in a single day. Ripple’s native token fell 1% over the same period and is now trading below the crucial psychological support at $1. The XRP Ledger also recorded nearly 50,000 active addresses in 24 hours, a multi-month peak, while social sentiment hit a three-month low. Open interest in derivatives approached levels seen during the major October 10 liquidation event, and CryptoQuant flagged rising selling pressure on Binance.
Source: Read the original article
