XRP, the native token of Ripple, has been drawing attention due to a notable upside rally followed by a consolidation at a critical level. This consolidation phase has piqued the interest of whales and traders, according to on-chain analytics from firms like CryptoQuant and Whale Alert.
Recent activity includes a whale moving $36.67 million worth of XRP tokens, which indicates strong buying interest. This development suggests that major stakeholders are betting on a potential surge in XRP�s price, possibly forecasting an explosive breakout.
The excitement in the community centers around the possibility that such significant movements could precede a major market shift. As the futures market for XRP reports a $2.5 billion open interest, anticipation of a bullish trend looms large.
This situation underscores the ongoing interest and dynamic nature of XRP trading, as major players position themselves for potential gains.
