Amid recent market downturns, certain tokens have attracted attention from large investors. XRP and DOGE are two of them, under close scrutiny.
XRP: Drop and Recovery
XRP, the third-largest cryptocurrency by market capitalization, experienced a sharp decline, dropping below $3 after reaching an all-time high above $3.6. The drop occurred against a backdrop of concerns regarding Upbit's actions and a major sell-off by one of Ripple's co-founders. Currently, XRP is trading around $3.17.
Activity of Large Investors
Large investors seized the opportunity during the downturn, acquiring over 130 million XRP tokens in just 24 hours, amounting to approximately $400 million.
DOGE Dynamics
Dogecoin has also shown significant activity recently. Analysts note that DOGE has returned to a range that has historically served as a buying zone, indicating potential bullish movements. To continue rising, DOGE needs to break through the $0.25 level.
Recent days have seen significant changes in the cryptocurrency market, highlighting the interest of large investors in XRP and DOGE. The market remains under pressure; however, this activity may signal a potential recovery.
