BlockchainCryptocurrencyNewsOn-chain Data / AnalysisRipple (XRP)Web3

Sentiment Report: XRP Price Comeback Caused New Whales’ Accumulation

In an unexpected turn of events, Sentiment Analytics reveals a notable increase in the price of XRP, sparking a return of whale accumulation and drawing attention to the cryptocurrency market once more. The most recent data from Santiment gives information on other significant cryptocurrencies’ general performance and the curious behavior of big XRP investors.

One of the top providers of social media and on-chain cryptocurrency performance: Sentiment Analytics, has discovered an intriguing tendency in the XRP ecosystem. The data shows that a group of 221 distinct addresses, each holding a sizable range of 10 million to one billion XRP coins, had collected 16.13 billion tokens together.

The report from Santiment also explained that the increase in accumulation among the whales in the cryptocurrency industry suggests fresh interest in the digital asset. According to recent statistics, the price of XRP is currently $0.52, amid a slight decline of 2.9% from the day before.

It was also gathered that the broader context of the market decline has impacted other cryptocurrencies. According to Sentiment Analytics, Litecoin (LTC), XRP, and Stellar (XLM) indices show that traders have suffered large losses.


XLM, LTC, And XRP Show Resilience Amid  General Market Unrest

The latest observation shows that because of the similar focus on international payments and remittances, Stellar and XRP are frequently considered close competitors. As of press time, Stellar is currently trading at $0.12. But over the same period, it reversed by 3.7%, thus finding itself having the same issue with  XRP.

📰 Also read:  What is a Bitcoin Tax Haven? A Comprehensive Guide

Meanwhile, XRP, LTC, and XLM have an impressively above $8.71 billion market value. This shows that there is still interest in and investment prospect in these assets amid the volatility. However, Litecoin stands out as an additional indicator of the state of the market, with a price of $66.90. This is a 2.2% increase from the previous day.

DONUT coin, on the other hand, has experienced a significant decline. It is currently down significantly in price by 14.1% over the past 24 hours, trading at $0.0249. This variance in performance was explained as a demonstration of how many different factors interact intricately to affect the wide range of cryptocurrencies that are now accessible.

Analysts Comment, As Whales Holds $8.7 Billion Worth Of XRP

Industry analysts have intervened in this trend, with some of them linking the development to how volatile the cryptocurrency market is. Despite recent market difficulties, the data shows a return of interest in XRP among high-volume holders. Jane Smith from ETH News says there are currently 221 wallet addresses in possession of 16.13 billion XRP, while the wallets with the biggest holdings currently have 1 billion and 10 million XRP.

As of the time of writing, the price of the current holdings is worth about $8.7 billion, which is almost 30% of the entire cryptocurrency market capitalization. George Georgiev of CryptoPotatoe explained that such a huge accumulation is due to an anticipated XRP bull market among the major industry players.

📰 Also read:  Ethereum Launches Holešky Network to Support Staking and Development of Protocol

Georgiev also commented that the results of currencies like Litecoin, Stellar, and DONUT further highlight the complex interplay of forces influencing the changing environment of digital assets. He also added that the outcome of the lawsuit between the Security and Exchange Commission (SEC) and XRP will positively affect the price trajectory of the XRP.

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Price Analysis September 4th - BTC, ETH, XRP, TON, and BNB


Brenda Collins

Brenda Collins is a seasoned crypto news writer with a deep passion for blockchain technology and its transformative potential. With years of experience in the industry, she has honed her skills in delivering concise and insightful analysis, making complex concepts accessible to a wide audience. Brenda's dedication to staying up-to-date with the latest developments in the crypto world ensures her readers receive accurate and timely information.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Skip to content