Citing Blockchainreporter, on-chain data reveals that 1.8 billion XRP tokens were purchased at $1.75, forming a key support level. This accumulation has created a strong technical foundation for XRP, potentially influencing its near-term behavior. Institutional interest, including Ripple's $1.25 billion acquisition of Hidden Road and Evernorth's $947 million XRP purchase, has further reinforced confidence. Whale activity also shows increased accumulation, with large holders boosting their XRP holdings by 1.27 billion tokens in late October.
XRP's $1.75 Support Zone Backed by 1.8 Billion Tokens
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