Recent blockchain analytics reveal a notable uptick in **XRP** holdings, as evidenced by a diminishing presence of these tokens across various trading platforms.
Market insights from **Santiment** highlight that, within the last month, 20 additional ‘whale’ investors have each amassed between **1 to 10 million XRP tokens**, bringing the total count of such substantial holders to **1,583**.
**XRP’s valuation, its RSI metrics, exchange dynamics, and whale movements as of July 2nd** are meticulously chronicled by Santiment. The platform’s intelligence points to a significant 208% leap in large-scale XRP transactions—those exceeding **$100,000**—escalating from **159 to 489 distinct transfers** within a single day.
In related forecasts, analysts project the **Injective** token to hit a milestone of **$100**, while **Render** is anticipated to soar to **$150**.
Despite this flurry of activity from major investors, XRP’s market price remains in a state of equilibrium. Over the last day, its value has seen a modest increase of **0.4%**, with the current trading price at **$0.478**. The cryptocurrency’s market capitalization holds steady at **$26.6 billion**.
Furthermore, XRP’s daily trade volume has witnessed a **42%** boost, amounting to **$770 million**.
Santiment’s data further reveals that the inflow of XRP to exchanges has risen from **58.66 million to 76 million tokens** over the past day. Conversely, the outflow—XRP being withdrawn from exchanges—has surged an impressive **564%**, climbing from **11.01 million to 73.14 million tokens**.
The **30%** increase in exchange inflow might hint at profit-taking by investors, whereas the substantial outflow suggests a trend of accumulation among new XRP holders.
Moreover, the supply of **XRP on exchanges**—both centralized and decentralized—has been on a steady decline since January 30. Current figures from Santiment show a total of **2.82 million XRP tokens** available on exchanges.
The **XRP Relative Strength Index (RSI)** stands at **43**, indicating that the asset is not currently overvalued, and there may be room for an upcoming price appreciation.
For more insights, consider the historical performance of **Bitcoin**, which is poised for a positive trajectory in July, as past patterns suggest.