XRP Whales Are On The Move Again – Here’s What They’re Doing This Time
XRP is performing well, outperforming other large cryptocurrencies in the past 24 hours and seven days. This surge is partly due to increased whale activity, with large wallets accumulating XRP tokens. On-chain data and exchange transactions show significant increases in whale activity, with large transfers from Binance to private and unknown wallets. Metrics from Santiment also support the narrative of whale accumulation, with significant increases in the number of addresses holding large amounts of XRP. This accumulation has pushed the total number of XRP tokens held by large addresses to an all-time high. XRP's price surge has led to a 13% increase in the past 24 hours and a 34% increase in the past seven days, reaching its highest level of interest in four months. The altcoin is now at a critical price point, with potential for further climbing and breaking resistance at $0.613.
