XRP sees whale dominance at 55%, rising social activity, and a bullish outlook with 559K pooled at the $0.5881 level.
XRP’s whale activity surged, with the total supply held by whales with more than $5 million standing at 55%.has witnessed a phase of consolidation since early August. A symmetrical triangle pattern is evident from its daily price chart.
The high level of concentration among a few major holders is an indication of wild swings that XRP’s market may experience in the near future. These spikes in social activities could also push market momentum a notch higher as more traders and investors begin to pay attention to XRP.Looking further at the liquidation heatmap data from Coinglass, XRP indicates a clear bullish bias. A total of 559k XRP is pooled at the $0.5881 price level, indicating strong interest from buyers.
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