XRP has fallen to the fourth position on the market ranking today after facing significant market pressure despite strong accumulation signals from whales. The market capitalization of this token has decreased to $167.78 billion, marking a 0.65% fall for the day and contributing to its change positions.
On-chain data shows that XRP is trading at $2.82, falling 0.69% in the last 24 hours. The price dipped slightly to $2.70 before bouncing back above $2.80, with trading volume surging 87% to $6.05 billion.
The Accumulation of Whales is Increasing More and More
According to cryptocurrency analyst Ali, whales holding between 10 million to 100 million XRP have purchased 340 million tokens in the past two weeks. Their current total balance is approximately 7.84 billion.
Santiment's data further reinforces this accumulation trend, showing that large wallets continuously increase their holdings even as the price of XRP falls. This wave of buying indicates long-term confidence in XRP from whale investors, in contrast to the short-term losses that have pushed this asset down the ranks.
Liquidation and Market Pressure
Despite strong accumulation, XRP still faces pressure from the derivatives market. The liquidation heatmap recorded $716,000 in liquidations, with nearly all coming from short positions. This sudden move forced traders to sell off positions, increasing price volatility.
As a result, the market capitalization of XRP fell directly, below important thresholds, allowing the stablecoin USDT to surpass XRP in ranking. This market reaction explains why this token dropped to the fourth position despite the positive accumulation trend.
Price Volatility and Trading Activity
The intraday chart of XRP reflects strong volatility, with sharp declines followed by partial recoveries. This token has recovered above the $2.80 level after hitting nearly $2.70 at the beginning of the session.
Trading activity shows strong participation, as evidenced by daily trading volume skyrocketing to $6.05 billion. However, the higher trading volume cannot offset the negative impact from stock liquidations on market capitalization.
The fall of XRP to the fourth position on the market ranking is due to short-term volatility and liquidation conditions that reduced market capitalization. However, the accumulation of 340 million tokens by whale investors over two weeks indicates increasing confidence in the long-term prospects of this asset.
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This is the reason why XRP has dropped to the 4th position in the market ranking today.
XRP has fallen to the fourth position on the market ranking today after facing significant market pressure despite strong accumulation signals from whales. The market capitalization of this token has decreased to $167.78 billion, marking a 0.65% fall for the day and contributing to its change positions. On-chain data shows that XRP is trading at $2.82, falling 0.69% in the last 24 hours. The price dipped slightly to $2.70 before bouncing back above $2.80, with trading volume surging 87% to $6.05 billion. The Accumulation of Whales is Increasing More and More According to cryptocurrency analyst Ali, whales holding between 10 million to 100 million XRP have purchased 340 million tokens in the past two weeks. Their current total balance is approximately 7.84 billion. Santiment's data further reinforces this accumulation trend, showing that large wallets continuously increase their holdings even as the price of XRP falls. This wave of buying indicates long-term confidence in XRP from whale investors, in contrast to the short-term losses that have pushed this asset down the ranks.
Liquidation and Market Pressure Despite strong accumulation, XRP still faces pressure from the derivatives market. The liquidation heatmap recorded $716,000 in liquidations, with nearly all coming from short positions. This sudden move forced traders to sell off positions, increasing price volatility. As a result, the market capitalization of XRP fell directly, below important thresholds, allowing the stablecoin USDT to surpass XRP in ranking. This market reaction explains why this token dropped to the fourth position despite the positive accumulation trend. Price Volatility and Trading Activity The intraday chart of XRP reflects strong volatility, with sharp declines followed by partial recoveries. This token has recovered above the $2.80 level after hitting nearly $2.70 at the beginning of the session. Trading activity shows strong participation, as evidenced by daily trading volume skyrocketing to $6.05 billion. However, the higher trading volume cannot offset the negative impact from stock liquidations on market capitalization. The fall of XRP to the fourth position on the market ranking is due to short-term volatility and liquidation conditions that reduced market capitalization. However, the accumulation of 340 million tokens by whale investors over two weeks indicates increasing confidence in the long-term prospects of this asset.