Analysis: "Whales are hoarding XRP."
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Despite XRP's short-term downtrend, whale addresses are continuing to actively trade and accumulate, according to CryptoQuant contributor CW8900. He added, "This is a typical pattern observed during a bottoming phase. Recently, XRP's 90-day spot cumulative taker volume delta (CVD) indicator has also shifted to a buy-dominant zone. If this trend continues, there is a possibility that the price will transition into a rebound phase after forming a bottom."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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