XRP’s price recovery following the recent market crash is attributed to the accumulation activity of large whales. These whales hold over 16 billion XRP tokens worth $8.32 billion. The surge in whale activity is reflected in the increased number of whale transactions. Despite this positive development, the short-term sentiment surrounding XRP remains negative. The futures market for XRP also experienced fluctuations, with bullish-leveraged traders initially dominating but later becoming the minority. XRP’s community has been optimistic since a partial win in the legal battle against the SEC. However, readers are advised to conduct their own research before making any investment decisions.
AI Sentiment: Positive