XRP sharks add 16.8K wallets as price nears critical $1 support: Can buyers defend it?

Large holders are rapidly accumulating Ripple [XRP] as price slides toward the $1 psychological level. Shark wallets, which hold 10K XRP tokens or above, have increased by over 16.81K over the last nine months, now at 343.5K. This growth is equivalent to 5.15%, indicating accumulation, but retailers are on the sidelines fearing the altcoin could dip below $1. Over the past two months, XRP has lost about 30% in capitalization while whales and sharks continue to add more positions. This is a clear divergence showing that big investors are capitalizing on the fear to build discounted positions. Despite this ongoing capital inflow, the altcoin continues to weaken as there is no cohesion among all XRP traders.

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