As June comes to a close, the crypto market has experienced a significant decline, with Bitcoin dropping to $58,500. Despite this weakness, whales holding XRP Coin have continued to accumulate, raising questions about the coin's future price movements.

XRP Coin has failed to impress investors for years, and its long-term performance has been disappointing. Currently, the coin is trading at $0.47, with individual investors hesitant to invest due to the risk of further losses. However, whales holding between 1 million and 10 million XRP Coins have accumulated 100 million coins in the past 24 hours, worth $47 million.

This accumulation is notable, given the ongoing risk environment and the coin's weakness. Despite this interest from whales, individual investors remain cautious, and on-chain signals are discouraging. The lack of profit has led to weak participation in the blockchain, and the price continues to drop.

If the support level at $0.473 is lost, the next key support point will be $0.46, with further overselling possible at $0.41 to $0.38. However, if whales continue to support the coin, it may avoid overselling and potentially enter a new upward phase up to $0.74. The outcome depends on various factors, including the resolution of the ongoing lawsuit and the SEC's stance.

In conclusion, XRP whales are defying the market downtrend, accumulating coins despite individual investors' hesitation. While the coin's future is uncertain, whale support could potentially reverse the trend and lead to a new upward phase. As the market continues to evolve, it remains to be seen how XRP Coin will perform in the coming days.