Ripple Gains Bullish Momentum As Whales Buy Over 280 Million XRP in the Past 10 Days

Ripple gains momentum as whales buy over 280 million XRP in the past 10 days.

The price of XRP has been experiencing a decline after a steady pump.

Can XRP recover and hit new ATHs this altseason?

The price of one of the most popular altcoins in the current bull market XRP is gaining a lot of attention from whales. In fact, Ripple gains momentum with whales buying over 280 million XRP in the past 10 days. This is a highly reassuring and bullish signals for XRP holders, traders, and investors as it shows that despite the small decline in XRP prices, whales still beleive a huge rally lies in store for XRP in the altseason peak phase ahead.

Ripple Gains Bullish Momentum

For the upcoming altseason peak phase of the ongoing bull cycle, there are several highly bullish altcoins and some very bullish legacy coins that have yet to make any significant pumps this bull cycle. Amongst all these altcoins, one altcoin, Ripple’s XRP, has been showing increasingly bullish signs on its price chart, signs spanning across multiple bull cycles, leading analysts to believe that a parabolic pump lies ahead

To highlight, XRP has had agrueling journey over the past 8 years. It all began in the bull cycle before last when XRP was experiencing a promising pump and had just set its ATH price. The hurdle came in the form of a legal battle with the SEC, a battle that XRP faced head-on and won, 7 years later. With the battle ending in favor of Ripple, the price of XRP, which had fallen significantly in the past 7 years, pumped back immediately

Now, the price of Ripple’s XRP is close to its previous ATH price of 3.84. According to CoinMarketCap analytics, the price of XRP is trading at $3.06, just about 20% away from its previous ATH set 8 years ago. It is currently boasting a total market cap of $181,568,323,831.68 and a 24-hour trading volume of $15,339,023,852.86. Analysts have high hopes for XRP this bull cycle since the altcoins missed the entire previous bull cycle’s pump due to its conflict with the SEC

Presently, XRP has been facing a short downward dip and is currently in the red with a dump of over 11%. While many traders remain concerned and watch the XRP price chart with vigilance, it seems that XRP whales aren’t worrying. In fact, it seems most whales are seeing this as a golden opportunity and final chance to accumulate XRP heavily before a new ATH price is set

Whales Buy Over 280 Million XRP in Past 10 Days

As we can see from the posts above, XRP whales have bought over 280 million XRP, worth more than triple that number in just the past 10 days. Reputed analysts see that XRP price is steadily dropping and hope to see that the price of XRP holds up at the $3.03 price range, as if it does, the price of XRP could experience an exciting pump in the month of August. How high will XRP go this bull cycle?