XRP is currently trading around the $3.10 level after a weekend marked by significant volatility and a lackluster market response to President Donald Trump’s inauguration day. Hopes had been high among crypto investors that the new U.S. President would highlight pro-crypto policies in his opening speech. However, the absence of any mention of cryptocurrencies triggered short-term selling pressure, causing a dip in XRP’s price.
Despite the initial disappointment, key on-chain metrics from Santiment paint a more optimistic picture for XRP. Data reveals that whales—large holders of XRP—bought over 100 million tokens in the past 48 hours. This significant accumulation suggests that big players remain confident in XRP’s long-term potential, even amid temporary market uncertainty.
The buying spree by whales comes at a crucial time, as
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