XRP, which took a serious hit after the lawsuit filed by the US Securities and Exchange Commission (SEC), still keeps hopes alive and attracts attention with the purchases of whales.
In the data published by Santiment recently, it was revealed that whales have made a serious purchase in the last 3 months.
Whales now hold 6% of the total supply, a significant portion of which has been purchased in the last 3 months.
In its analysis of wallets holding between one million and ten million XRP, Santiment revealed that XRP purchases have increased in the recent period.
XRP Network Moving
According to the information transferred, more than 160 million XRP in 3 months was transferred to these mimli wallets, and it is possible that the whales, which are described as “smart money”, know something.
In addition, the total number of transactions on the XRP network increased to 53.3 million in November, an increase of 10 million compared to the previous month. The number of new XRP wallets also increased by 11%.
All this data shows that there is positive activity for XRP at the moment, and XRP investors are definitely right to keep their hopes alive.
Although the XRP price closed the month at the level of $ 0.99, it subsequently experienced a sharp decline and became one of the ones who could not hold on with the decline of Bitcoin.
XRP is currently trading at $ 0.82 and is trying to move to the level of $ 0.88. If XRP can break the resistance of $ 0.88, it can be visited again above $ 1 with the effect of whales.