XRP Sharks Add 16.8K Wallets as Price Nears $1 Support
Large XRP holders expanded their wallet count by 16,800 as the token approaches a key $1 support level, according to AMBCrypto.
Large XRP holders, frequently referred to as sharks, have added 16,800 wallets as the token's price approaches a critical $1 support level, according to AMBCrypto.
Wallet Accumulation
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The growth in wallet addresses by major holders indicates ongoing accumulation by larger market participants. The buying activity coincides with XRP testing key technical price thresholds.
Support Level Test
Market participants are closely observing whether buyers can maintain defense at the $1 support boundary as accumulation trends continue.
Key facts
- XRP large holders added 16,800 new wallets.
- XRP price is approaching a critical support level at $1.
- Address growth occurs alongside ongoing testing of price support.
Source: news.google.com
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