Analyst: XRP whales are accumulating amid short-term price decline

Despite XRP's recent downtrend, whale addresses have been actively trading and accumulating the asset, according to an analysis by CryptoQuant contributor CW8900. The analyst noted that this is a typical pattern observed during a market bottom formation. Additionally, the 90-day XRP spot taker cumulative volume delta (CVD) indicator has recently shifted to a buy-dominant phase. The contributor added that if this trend persists, XRP could transition into a rebound phase after establishing a bottom.