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XRP Whales Buy the Dip: Acquire 360 Million Worth of XRP for Almost $170 Million

June 29 (Cointime) - The future of XRP remains uncertain due to the ongoing legal battle between Ripple and the SEC, causing speculation among crypto traders. However, despite a recent decline in price, XRP whales have taken advantage of the dip and purchased 360 million worth of XRP for almost $170 million.

This renewed trust in the cryptocurrency may boost confidence for smaller investors and establish a price floor, potentially offering stability to the market. Although XRP's recent price performance has been lackluster, the number of active XRP addresses has surged, historically leading to price rallies.

XRP XRP $1.35
-3.94%
XRP Ripple Cryptocurrency
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