XRP whales have shown significant net expansion in their holdings over the past ten days, indicating a bullish signal for the cryptocurrency.
Whales refer to entities holding between 10 million and 100 million XRP, and their collective behavior can influence the market sentiment.
The XRP whales have added a net 380 million XRP (approximately $223 million) to their wallets in the last ten days.
This buying spree by the whales has contributed to a 10% recovery run for XRP, and if they continue to accumulate, a rally in the cryptocurrency's price may be expected.