XRP’s price has entered a consolidation phase after a historic rally in November and December. The cryptocurrency reached its highest levels in six years before stabilizing. Increased whale activity is notable, with the number of wallets holding between 10 million and 100 million XRP recovering. This rebound has brought the count to 301 after hitting a month-low of 292 on December 18.

This stabilization phase raises questions about the future trajectory of XRP. Increased accumulation by whales often leads to significant price movements. Market observers are keen on watching how these developments influence XRP’s next move, especially given the mixed signals currently seen in metrics across the crypto space.