The purchase of 250 million XRP was not an isolated event. During the last month, whale wallets accumulated almost 2 billion XRP. This means that large investors are always interested in XRP and position themselves for something, perhaps a major market movement or a change in the wider cryptography environment.
However, these same whales also sell when the price increases, aimed at making rapid benefits. For example, around 60 million XRPs were sold within 72 hours recently, which caused a price drop of 5%.
This back and forth between purchase and sale creates a rope shot that maintains the price of XRP stuck in place.
