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The buildup of XRP whales has reached a two-month high

Santiment feed revealed earlier today that the number of $XRP whales holding between 1 million and ten million coins has risen to a two-month high of 6.12 percent.

Increases from 1 million to ten million $XRP whales
According to the Santiment analysis tweet,

In the last two months, XRP addresses in the 1m to 10m range have been the greatest holders of the asset, according to the data.

The quantity of XRP coins held by whales has raced significantly in recent days, according to Santiment data analytics and graphics. This whale range increased by roughly 2.4 percent in 11 days, according to the Santiment tweet.

Because this is a non-exchange tier, it appears that many buyers purchase these assets for the purpose of hodling. But why is that? It’s due to the current XRP price fluctuations.

Analysis of the XRP Price

For the previous two months, XRP has been on a downward trend, with prices falling from $0.9076 to $0.4009. XRP’s value has dropped from $0.41 to $0.3881 in the last seven days, according to Coinmarketcap.

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