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XRP Whale bought 3.8 billion dollars: What will happen next?
After a turbulent week, the price of XRP has once again become the focus of the market. This week, XRP's market capitalization shrank by billions of dollars, while whales quietly increased their holdings significantly.
In just a few days, over 440 million XRP (worth 3.8 billion USD) has been absorbed by whales, while the spot price has dropped nearly 8%. This unusual selling pressure combined with the aggressive buying from whales raises a key question: Is XRP preparing for a major reversal, or is there still more room for a downturn in the future?
Despite the drop in XRP, its fully diluted valuation (FDV) remains high at $30.83 billion, indicating that the long-term confidence in its value proposition has yet to be repriced. Additionally, the scale of accumulation by whales should not be underestimated - data shows that in just one week, large holders have absorbed 440 million XRP (worth $3.8 billion).
Whale behavior of this scale in accumulating coins is rarely random. By purchasing over $3.8 billion worth of XRP in less than a week, large holders have actually tightened the liquidity on exchanges and reduced the available supply.
In the short term, the price of XRP may fluctuate between $3.00 and $3.35 until trading volume increases. If the daily closing price definitively breaks above $3.50, it will confirm a bullish momentum and is expected to break through the $4.00 to $4.50 level. On the downside, if it falls below $3.00, XRP may test the lower Bollinger Band near $2.85 before stabilizing.