While Bitcoin Grabbed Headlines, XRP Whales Snapped Up 900M Tokens
SHIFT
APRIL
XRP
CIN
- XRP whales bought 900M tokens in April while BTC led the news cycle across headlines and social feeds
- XRP price rebounded to $2.20 after dipping to $1.60, showing renewed whale-backed momentum
- XRP funding rate flipped positive on May 1, indicating bullish sentiment in futures trading
XRP whales accumulated nearly 900 million XRP tokens throughout April, defying market uncertainty and ongoing regulatory noise surrounding the cryptocurrency sector. While much of the crypto community remained fixated on Bitcoin narratives and speculative rumors involving U.S. government Bitcoin reserves, large holders of XRP quietly made big moves.
XRP’s price briefly dipped to around $1.60 in early April but swiftly rebounded, crossing back over $2.20 by month’s end. This recovery coincided with heavy buying from whale addresses, showing confidence in XRP’s long-term prospects despite broader market volatility.
XRP Funding Rate Turns Positive, Signaling Bullish Shift
In other bullish development, according to the latest data from Coinglass, its f…
The post While Bitcoin Grabbed Headlines, XRP Whales Snapped Up 900M Tokens appeared first on Coin Edition.
