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Blockchain indicators with technical forecasts. Notable patterns indicate a potential shift in price trend. With significant accumulation and advanced market strategies, XRP appears poised for a major move.
What are the major stakeholders doing?
The latest network data suggests a strategic repositioning between small traders and large XRP holders. Although short-term volatility is observed, the market is more influenced by long-term holdings. Data from the Santiment platform shows that wallets holding more than 10 million XRP currently control 45.83 billion XRP, representing approximately 68.5% of the available supply. This level has not been seen since 2018.
Chad Steingraber indicates that whale activity in XRP has risen to historic record levels with their holdings, describing this scenario as having a highly significant impact.