Markets· ★★★· neutral·

Santiment: 85 new XRP wallets worth $1M appeared before 67% rally

  • —85 wallets with balances of 1 million XRP or more were created two days before the 67% rally
  • —The XRP rally occurred on August 17-21
  • —Santiment noted RLUSD activity and institutional projects on XRPL
  • —Analyst Casi sees support at $1.10, with $0.87 if conditions worsen
Why it matters: Accumulation by large holders before the rally points to informed demand, but without a return above $1.65 the risk of a drop to $1.10 remains.
#XRP#RLUSD
Source: Cryptonews.net
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