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XRP Whales Increase Holdings

XRP's on-chain data shows that whales are increasingly bullish on the asset despite recent market volatility. Wallets holding at least 10 million XRP now control about 68.5% of XRP's supply, up from 46.87 billion XRP in total holdings. This represents the highest share of XRP supply held by whales since November 2022, indicating an accelerating accumulation trend. Analysts believe this could lead to a stronger recovery for XRP above $1.50, as it currently trades near $1.30.

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