price. However, as the case inches closer to its end, many whales have showcased their interest in XRP.According to Santiment’s data, it was revealed that in the past three weeks, whales have made significant XRP purchases amounting to over 52 million XRP. These acquisitions carry an approximate value of $22.9 million.However, despite the high interest showcased by whales, XRP’s price hasn’t seen a massive positive change.
Since 19 April, there has been a notable decline of 11.89% in XRP’s price. As of press time, XRP was being traded at a value of $0.474. The RSI of XRP had increased to 63.08, showing that price momentum has been on XRP’s side over the last few days. However, it also indicated it was in a slightly overbought position at the time of writing, with a possibility of a price reversal.Source: Trading ViewAnother factor that could impact XRP would be its falling network growth – an indicator that there was less activity from new addresses. Despite the decreasing price and network growth, the token’s velocity remained consistent.
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