7th largest by market value. cryptocurrency Although Ripple moved up last week with low inflation data from the US and the slowing rate of interest rate increase, it fell after the hawkish statements of Fed Chairman Powell.
Although Ripple has lost 20% of its value since the first day of December, new on-chain According to the data, big players continue to buy.
According to new on-chain data from crypto research startup Santiment, wallet addresses holding between $1 and $10 million in XRP accelerated purchases in the last days of the year. The number of Ripple whales on the scale indicated by the new purchases has so far risen to 1,517, breaking a record.
🐳🦈 #XRPNetwork whale and shark addresses that share the 1M to 10M $XRP tier have been rapidly accumulating to end 2022. In December, both the amount of these sized addresses (1,617) and their percentage of supply held (7.23%) have hit a new #AllTimeHigh. https://t.co/R8bDPUviq1 pic.twitter.com/4GyrMPxYPV
— Santiment (@santimentfeed) December 20, 2022
Increase in whale numbers according to Santiment data Ripple (XRP) It also affected the distribution of the token supply. Currently, 1,517 whales control 7.23% of the total supply of XRP.
Latest Situation in Ripple
Ripple, one of the most established cryptocurrencies, is accompanying the sale in the general market today.
Forcing the $0.40 level in the first days of December, XRP may regress to the $0.315-0.288 support area, which it holds in the summer, unless there is a new development. The first level below the green colored support area is $0.248.
$XRP finds buyers at $ 0,342 as of writing.
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