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#GT# The price of XRP is repeating a 500% rise pattern with whales buying 110 million tokens - is another pump likely to occur?
The price of XRP is experiencing a sharp decline alongside other altcoins, as traders are shifting their capital to Bitcoin #BTC# BTC #XRP# , which is only 1.2% below its all-time high at the time of publication. However, XRP's price movement shows signs of decoupling from other altcoins, possibly due to whale accumulation and the repeated fractal price pattern of 2024 that led to a rise of 500% within a few weeks. Will the payment token rise again?
At the time of publication, the price of XRP #ETH# is trading at $2.38, with a slight rise of 0.06% during the day. Volatility remains low, as the price of XRP has ranged between $2.32 and $2.39 over the last 24 hours.
Consolidation of XRP prices as whales acquire 110 million tokens
The chain data shows that Bitcoin whales are currently undergoing an accumulation phase, with the price of XRP hovering in the $2.30 range. In the past five days, titles with between 10 million and 100 million XRP tokens have increased their holdings from 7.56 billion to 7.67 billion. The data shows that these addresses have bought 110 million XRP steadily in less than a week, indicating an expected uptrend, as they expect a rise in the value of