Are XRP millionaires buying in? On-chain signals suggest so.
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According to Bijie Network, despite the recent price weakness of XRP, on-chain data shows that the activity of large holders has increased, with high-value payment amounts soaring to recent quarterly highs. This indicates the inflow of institutional funds and strategic accumulation, rather than capital outflows. Such quiet accumulation during periods of price pressure often signals a major price reversal, and if there is buying pressure on exchanges, it could lay the foundation for future price increases.
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