Whales continue to accumulate XRP Coin, and this trend is not surprising as the September 7 date approaches. According to the popular crypto analyst, these investors have bought Ripple in the last 10 days. 
$0.62915 As he is very close to the end of his case, he is accelerating his savings.
Increase in XRP Purchases
Analyst Ali Martinez included XRP Coin on his agenda in his latest market assessment. Stating that major cryptocurrency investors purchased million dollars of XRP in 10 days, the analyst announced that Ripple whales invested more than 470 million XRP during this period. The equivalent of this in USD is approximately 300 million dollars.
“Ripple whales have accumulated more than 470 million XRP in the last 10 days.”
Martinez, Bitcoin 
$64,067He said that may form a cup handle formation on the weekly chart. This pattern usually indicates that after a strong rise, the asset may experience a brief recession before breaking through a significant resistance level.
“Current price movements are just noise! “If Bitcoin truly forms a cup handle pattern, the long-term target could be between $194,000 and $352,000.”
Year-End Expectations
Based on past price data, the analyst said that Bitcoin may complete the end of the year in an upward trend and reminded the past data. Martinez noted that historically, if Bitcoin closes September in the green, the last three months of the year have seen larger gains.
“Historically, if Bitcoin closes September in the green, the last three months of the year see larger gains.”
Currently, XRP is trading at $0.61 at the time of writing and is down 3.4% in the last 24 hours. Bitcoin is traded at $60,754. The biggest news of the last few hours was the XRP Coin ETF application by Bitwise. The filing went through the system and a company spokesperson confirmed it.
Finally, the increasing appetite of XRP Coin whales as September 7 approaches is extremely positive for the XRP price. Investors with large amounts of assets generally accumulate this quickly during periods when they expect a significant increase.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
