Data provided by Santiment shows that 20 new “whales” have accumulated between 1 million and 10 million XRP tokens in the last 30-day period. This indicates that the number of “whale wallets”, which currently stands at 1,583, has increased even more. At the same time, the market intelligence platform found a 208% daily increase in the number of transactions with XRP worth at least $100,000. This shows that whales’ interest in XRP has increased and they are purchasing large amounts.

However, another interesting point is that the XRP price is not affected by this movement. XRP, which has risen only 0.4% in the last 24 hours, is currently trading around $0.478. Its market value is around 26.6 billion dollars.

Not content with whale activity alone, the market also recorded a significant increase in daily transaction volume. XRP’s daily trading volume increased by 42%, reaching $770 million.

So what’s happening in the stock markets? Santiment data shows that the amount of XRP entering the exchanges increased by 30% compared to the previous day, reaching 76 million. At first glance, this may suggest that investors transfer their XRP to exchanges to make a profit.

However, the interesting part is the increase in the amount of XRP coming out of the exchanges. During the same time period, the number of XRP released from exchanges jumped by a massive 564%, from 11.01 million to 73.14 million. This shows that investors withdraw XRP from exchanges and keep it for long-term investment purposes. The decrease in supply in exchanges may cause XRP to become more valuable.

The supply of XRP on exchanges has been decreasing continuously since January 30, including both centralized and decentralized platforms. This decline indicates that investors have increased confidence in XRP and see it as a long-term investment tool. According to the Santiment report, at the time of writing, there are a total of 2.82 million XRP tokens on the exchanges.

If we look at the technical analysis side of XRP, the Relative Strength Index (RSI) of XRP is currently at 43. This value indicates that the XRP price is not overinflated and there could be a potential price increase.

These developments on the XRP front increase optimism about the future of XRP. The accumulation of whales, the increase in daily trading volume and the outflow of XRP from exchanges show that investors’ interest in XRP is increasing. However, it is difficult to predict which direction the XRP price will move in the short term. In the long term, XRP’s potential to gain value seems high.