XRP whales on a buying spree: What’s behind this movement?

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XRP whales on a buying spree: What’s behind this movement?
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Ripple saw an increased FOMO from the market as the XRP price continuously increased in the last few days.

The altcoin has continued its uptrend in the current trading session.has seen notable accumulation activity from whale addresses in recent weeks, aligning closely with a positive trend in its price and overall market sentiment.

Notably, there has been an increase in wallets across various holding levels, signifying a substantial accumulation of XRP. Though this increase appeared modest, it represented the acquisition of millions of XRP tokens, highlighting significant activity at this level. This category, though smaller, represented the most substantial accumulations due to the large volumes of XRP they control.Weighted Sentiment revealed a notable fluctuation in market sentiment. On the 13th of July, there was a significant spike in Weighted Sentiment, reaching 3.34%.However, as of press time, there has been a considerable decline, with the average Weighted Sentiment at 1%. This reduction indicated that while the sentiment remained positive, it had cooled off from its peak.

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