The XRP network has seen a significant surge in activity, with over 4 million transactions recorded in three days. Analysis suggests this could be strategic accumulation by large players.
Surge in XRP Activity
In the past three days, over 4 million transactions have been recorded on the XRP network. This significant increase in volume has piqued the interest of analysts, as it does not appear to be a speculative surge. The observed rise in activity indicates methodical accumulation likely orchestrated by large entities.
Market Support and Technical Analysis
XRP surpassed the resistance level at $2.20 and reached a local high of $2.47. A slight correction followed, interpreted as a return to the mean post-breakout. Market indicators confirm that the current rise is backed by genuine demand:
Strategic Behavior of Whales
Key signals include recorded transactions peaking at 1.3 million per day between May 8 and 10. This may indicate a redistribution of assets by whales or internal reorganization of the ecosystem. Such movements are likely not the result of traditional trading activity but reflect methodical steps from major players.
Thus, the surge in XRP network activity may herald strategic changes in the market. The behavior of large investors and technical signals indicate possible sustained price movements.
