XRP whales have accumulated 2.8% more tokens over a period of five weeks, according to recent market data. This accumulation has occurred as small holders have been capitulating, or selling their holdings. As a result of this activity, the price of XRP has moved back above $1.16. This is based on reporting from CoinDesk.
The accumulation of XRP by whales, while small holders sell, suggests a shift in market dynamics. It will be interesting to see how the market continues to develop in response to these changes.