"Ripple (XRP) High Net Worth Investors, Ripple Transfer Surge... Implementation of Strategy or Market Response Movement"
Minseung Kang
Summary
- It was reported that the recent surge in Ripple (XRP) transfers by high net worth investors was notable.
- This situation suggests that high net worth investors may be implementing strategies or preparing for increased market trading activity.
- Investors are inclined to trade at short-term or cycle highs.
The recent surge in Ripple (XRP) transfers by high net worth investors has been notable.
On the 2nd, according to CryptoQuant's analyst Woominkyu, the recent surge in Ripple transfers was highlighted when the price of Ripple (adjusted to a short-term high) reached 2.3 dollars, and the high net worth investors' transfer deposits surged simultaneously.
He stated, "High net worth investors may be implementing strategies or preparing for increased market trading activity."
The analyst added, "Historically, when high net worth investors' transfer surges, the market price tends to stabilize," while noting that "Ripple high net worth investors are inclined to trade at short-term or cycle highs."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
