Ripple [XRP] retail holders may be gearing up for a rally, here’s why

Ripple [XRP] retail holders may be gearing up for a rally, here’s why

May 15, 2023

By Victor Olanrewaju

Read Ripple’s [XRP] Price Prediction 2023-2024

Some holders were not leaving any chances open before an XRP uptrend started.

Developers continued their contribution despite the lingering court case.

The tides have changed for the assets in the crypto market, including Ripple [XRP], after a season of ever-appearing upticks. However, some holders of the token seem not to be discouraged by the disenchanting performance.

Preparing to feast?

According to Santiment, the number of addresses holding 1 – 10 XRPs has reinforced their commitment to upholding the token’s sustenance. Information from the on-chain platform showed that these retail sects have been increasing their holdings since mid-April.

A circumstance like this usually infers that holders had the school of thought that XRP could be in line for recovery. However, this speculation was no guarantee that the value of the token would not decline further.

For XRP whales, it was an entirely different situation. As of this writing, addresses holding 1 million to 1 billion tokens had either remained the same or significantly decreased. This implied that whales do not share the same sentiment of a revival in the short term.