Summary
- After Ripple (XRP) price surged by more than 500%, selling pressure from whales has increased significantly according to analysis.
- Analyst Miles Deutscher revealed that whales are selling XRP at historically high levels.
- Currently, XRP is assessed to be in a 'regional distribution' phase where it is being sold at specific price points.
Analysis shows that whales selling XRP are increasing.
On the 3rd (local time), cryptocurrency analyst Miles Deutscher stated through X that "whales are selling XRP at historically high levels" and that "XRP whale selling pressure has surged after XRP price skyrocketed by more than 500% since November." He added, "Currently, XRP appears to be in a 'regional distribution (selling at specific price points)' phase."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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