Price: $0.19201 -2.9321%
Market Cap: 28.17B 1.1038%
Volume (24h): 4.38B 0.2%
Dominance: 1.1038%
Price: $0.19201 -2.9321%
Market Cap: 28.17B 1.1038%
Volume (24h): 4.38B 0.2%
Dominance: 1.1038% 1.1038%
  • Price: $0.19201 -2.9321%
  • Market Cap: 28.17B 1.1038%
  • Volume (24h): 4.38B 0.2%
  • Dominance: 1.1038% 1.1038%
  • Price: $0.19201 -2.9321%
Home > Information news > 1,900+ XRP Millionaire Wallets Adapt Amid Market Shifts, Price Responds

1,900+ XRP Millionaire Wallets Adapt Amid Market Shifts, Price Responds

Release: 2023/11/26 09:58 Reading: 317

Original author:Crypto News Land

Original source:https://coinmarketcap.com/community/articles/65625cc7cda4af41b7294515

1,900+ XRP Millionaire Wallets Adapt Amid Market Shifts, Price Responds

  • Over 1,900 XRP wallets maintain holdings of over one million XRP despite a decline, indicating sustained interest in the asset.
  • Reduction in the millionaire addresses signals selling pressure, yet accumulation is observed in certain investor categories.
  • XRP price is predicted to rise by 32.23% to reach $0.823460 by November 30, 2023.

The XRP Ledger (XRPL) has experienced a discernible decrease in addresses classified as XRP millionaires, a move attributed to intensifying selling pressure within the market. However, within this fluctuation, an interesting trend emerges as specific investor categories showcase a penchant for accumulation despite the overarching reduction in millionaire addresses.

Rich-list.info, a community-driven resource tracking XRPL-based wallet data, highlighted a decline in the number of addresses holding at least one million XRP from its previous count. This decline, from 1,994 to 1,961, implies a decrease of 33 addresses losing their millionaire status due to reduced balances. The majority of this reduction primarily affected accounts holding between one million and five million XRP, indicating a strategic shift in holdings within this tier.

Interestingly, while the segment of addresses holding between five million and ten million XRP also saw a reduction from 157 to 150 and a decrease in cumulative balances, addresses possessing 10 to 20 million XRP experienced growth. The number of wallets within this category expanded from 154 to 159, concurrently witnessing an increase in the total balance held—an intriguing development amid the overall landscape of reduced millionaire addresses.

Moreover, the outlook for XRP appears positive according to CoinCodex’s prediction, forecasting a promising 32.23% price surge, envisioning XRP reaching $0.823460 by November 30, 2023. These projections align with bullish sentiment in the market, accentuating the potential for growth despite recent fluctuations and showcasing a favorable time frame for considering investment in XRP.

Read also:

The post 1,900+ XRP Millionaire Wallets Adapt Amid Market Shifts, Price Responds appeared first on Crypto News Land.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.