The slowdown in whale activity, particularly worrying $XRP In the cryptocurrency market, this may indicate potential selling pressure. Analyzes based on onchain data recently reveal a significant decrease in the pace of asset withdrawals from exchanges by large investors.
According to analyst Arab Chain, who shares his findings on crypto analysis platform CryptoQuant, the net outflow of $XRP by whales in the last 30 days has fallen to around 1.2 billion. This figure is the lowest recorded since February. Generally, the withdrawal of large investors from the stock exchanges is considered a positive signal indicating a long-term holding intention.
However, the fact that some large investors continue to hold their $XRP assets on the stock market in the current situation opens the door to a different interpretation. Experts say this may indicate that investors are about to sell or that their commitment to holding for the long term has weakened.
The analysis also noted that this trend emerged at a time when $XRP The price was relatively low. This suggests that investors preferred a wait-and-see strategy rather than making further purchases.
Arab Chain notes that if whale exits do not regain momentum, the market could become more vulnerable to selling pressure. Experts point out that this on-chain data can influence short-term price movements and investors should closely monitor market dynamics.
*This does not constitute investment advice.
