XRP Slips Below $1 as Whale Wallets Reach 343,500
XRP fell below the $1 threshold amid ETF outflows, even as whale wallets expanded to a record 343,500 holdings according to Biggo.
XRP has slipped below the $1 price level amid ongoing exchange-traded fund outflows, according to data from Biggo. Despite the downward price pressure, network metrics indicate that whale wallets have swelled to a record 343,500.
Market Pressure and Outflows
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The drop below $1 coincides with broader market headwinds and registered outflows from exchange-traded products tied to the asset. Market participants continue to monitor support levels following the price correction.
Whale Accumulation
Concurrently, large holders have continued to increase their positions, pushing the total number of whale wallets to a historic high of 343,500 according to the report.
Key facts
- XRP price slipped below the $1 threshold.
- Exchange-traded fund outflows impacted the asset.
- Whale wallets expanded to a record 343,500.
Source: news.google.com
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