Derived from CoinEdition, XRP's whale activity has reached a seven-year high as the number of large holders shrinks. On-chain data shows a 20.6% drop in wallets holding at least 100 million XRP, but the remaining 'mega-whales' now control 48 billion XRP. This consolidation suggests institutional buyers are absorbing supply during the recent price decline, which saw XRP fall 7.92% on Monday. Technical analysts note the price has entered a critical zone, with potential support levels at $1.90 and $1.88. Meanwhile, Vanguard has added XRP to its platform, offering investors exposure to the asset.
XRP Whale Activity Hits 7-Year High Amid Price Drop
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