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XRP recently witnessed a significant rise in Whale transactions, with a single transaction exceeding 40 million US dollars.
This positive accumulation coincides with the steady rise in price, indicating that institutions and high net worth investors are paying attention to Ripple's native token in hopes of achieving the next major breakthrough.
As XRP gradually approaches a key resistance level, these trends have sparked speculation about whether the token is ready to rebound or simply consolidating for the next phase of market activity.
Trading volume exceeds 1 million US dollars
Recent data shows a significant increase in XRP Whale trading volume, especially transactions exceeding $1 million.
The chart highlights two key patterns: the sustained growth of large transactions and their correlation with rising prices.
Trades worth over 1 million US dollars reaching their peak at the same time as the price soared, highlighting the Whale in XRP