$XRP
XRP news: Major whales scoop up 4.18B XRP since the 10/10 market crash
Recent on-chain data reveals a significant shift in **XRP ownership** following a mid-October market downturn. While smaller investors panicked and sold their positions, **major whales** controlling between ten million and one billion tokens aggressively purchased over **four billion XRP**. These large-scale buyers now command nearly **one-third of the total circulating supply**, signaling long-term confidence despite stagnant price action. Currently, the asset remains in a **consolidation phase** as it faces resistance near the $1.50 mark. Analysts attribute this price stability to a **lack of broader market momentum**, as institutional interest remains focused on Bitcoin and Ethereum. Ultimately, this **accumulation trend** suggests that sophisticated players are positioning themselves for a future rally, even if immediate gains remain elusive.
