XRP shows signs of strengthening after a pullback; what does the increase in whale holdings imply?

【Crypto World】XRP recently pulled back from $2.41, but it has already gained 14.5% this month, and market sentiment remains quite optimistic. Retail investors are eager to buy near $2, aiming to buy the dip—this is interesting because there has been a $17.7 million outflow of funds from spot ETFs, creating a contrast.

Even more interesting is the action of the whales. Since mid-November, their holdings have been increasing, and the “Token Burn Day” indicator has remained at a relatively low level, indicating that profit-taking pressure is not high. In the spot market, buyers clearly hold the advantage, and this trend aligns with the whales increasing their positions.

If Bitcoin can break through the $94,500 mark, XRP’s upward trend may continue, with targets above $2.4. Ultimately, it still depends on BTC’s performance.