Major XRP Investors Buy Billions to Prevent a Crash

Large XRP investors are buying billions to stabilize the price above $2, showing confidence despite market pressure.
xrp-investors-buy-billions

The price of Ripple's XRP has been under pressure for weeks, but large investors, known as 'whales,' now seem to be taking action.

According to new data, they have recently bought XRP in bulk, possibly to defend the crucial threshold of $2 per token. The current price hovers around $2.24, with whales adding nearly 900 million tokens worth $1.9 billion in just 48 hours.

While some long-term holders may be selling, the whales' activity suggests confidence in a recovery. The coming days will be crucial to see if XRP can maintain its position above $2.

Ella Popescu
Ella Popescu

Ella Popescu is a Romanian environmental disaster specialist dedicated to understanding and mitigating ecological crises. Her expertise helps communities prepare for and recover from natural catastrophes.

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