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XRP whales are once again increasing their holdings. On-chain data shows that as retail participation declines, whales' dominance in the 30-day inflow continues to rise—historically, this pattern often signals a significant increase in XRP price, such as the breakout above $1.96 in 2021 and the rally close to $3.29 by the end of 2024. Currently, XRP is trading around $2.04, and this pattern suggests the market may be entering a transition phase, which could be followed by a decisive move.