Ripple (XRP) bulls have fiercely defended the $0.45 price support territory despite the industry-wide contraction in the altcoin markets. But can they consolidate into a bullish price reversal in the coming days? 

After taking profits in late March and early April, Ripple’s large institutional investors appear to be making a U-turn. If other investors also interpret the negative market sentiment as a bullish signal to buy the dip, could XRP price break above $0.60? 

XRP Whales Are Buying the Dip

XRP price lost the crucial $0.50 support last week. But, behind the scenes, a cluster of large investors holding 1 million to 10 million XRP coins have been buying the dip. According to on-chain data from Santiment, this price-savvy whale cohort has added 80 million coins to their wallet balances within the last two weeks. 

At a current market price of $0.46, the newly added XRP coins are wor

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Author: Ibrahim Ajibade

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