Virtual currency specialized for payments $XRPThe price of has risen more than 8% in five weeks, during which time there has been a noticeable divergence in the accumulation trends of large holders or whales and small holders.
According to Santiment’s on-chain data, the wallet holds between $100,000 and $100 million. $XRP The balance has increased by 2.8% in coins over the past 5 weeks. This accumulation by whales and sharks coincides with the token’s rebound from $1 at the end of June to $1.16, suggesting a stronger hand is leaning into the current price trend.
At the same time, the smallest wallet decreased its holdings by 5.2% over the same period. This capitulation by small holders stands in sharp contrast to the buying pressure from major stakeholders.
These branching trends are $XRPaccording to Mr. Santiment.
“Historically, $XRP “This split confirms the bullish case behind the rebound, as prices tend to move more against major stakeholders and the smallest retail wallets,” the company said on X.
This timing coincides with several positive fundamental developments. $XRP Increased access for institutional investors through potential ETF products and continued availability in the market. $XRP Regarding payments, tokenization, and the ledger for the RLUSD stablecoin, the company explained:
