Whales Acquire 50 Million XRP Prompting Price Surge

Whales Acquire 50 Million XRP Prompting Price Surge

In recent days, whales acquired 50 million XRP, aligning with an 11% price surge to $3.30. Analyst Ali Martinez highlighted this purchase amid post-settlement regulatory clarity from Ripple, boosting investor confidence and market interest.

Whales purchased approximately 50 million XRP over the last 48 hours, a move reported by blockchain analyst Ali Martinez on X, leading to an 11% increase in XRP’s price.

In the recent acquisition, whales bought 50 million XRP in just 48 hours, boosting the asset’s price. This purchase aligns with Ripple’s recent regulatory resolution with the SEC. Ali Martinez, On-Chain Analyst, Twitter, remarked, “50 million XRP were purchased by whales in the last 48 hours!” source

Ali Martinez’s report highlights that wallets holding 10M–100M XRP have contributed to the increased holdings, accumulating 8.01B XRP in total.

The XRP purchase by whales has led to a significant price surge from $2.56 to over $3.30. This investment move is viewed as a vote of confidence following regulatory clarity.

This activity underscores the impact of regulatory decisions on market dynamics, especially as institutional investors gain confidence in Ripple’s compliance status.

Future whale activities in the crypto market will depend heavily on regulatory developments and market conditions. Such movements by large holders can either stabilize or disrupt ongoing price levels.

Analysis by Ali Martinez suggests that regulatory clarity has historically led to price volatility but also opens up potential for more institutional participation. This could drive a sustainable price rise or increase market unpredictability.