Quick overview

Live XRP/USD Chart

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Santiment data indicates that there are now 2,742 wallets containing at least one million XRP each, reflecting a consistent increase in whale participation. For the first time since May 23rd, XRP’s market value has exceeded $2.203, reaching a seven-week high.

“The rising number of whales holding at least $1 million in XRP is noteworthy, as these wallets hold a total of 47.32 billion tokens, nearly half of the total supply.”

Traders are curious whether this renewed confidence among whales will lead to a broader breakout, considering XRP is currently the fourth-largest cryptocurrency by market capitalization.

According to CoinMarketCap, XRP was trading at $2.44 at the time of writing, with a market valuation of $144 billion and a 14-day Relative Strength Index (RSI) of 67.15, indicating bullish sentiment without being overbought.

In another development, Transak has officially integrated Ripple’s USD-pegged stablecoin, RLUSD. This integration allows users in over 150 countries to purchase RLUSD directly using fiat currencies via bank transfers, credit cards, and other widely used payment methods on the Ethereum network.

This makes RLUSD, Ripple’s enterprise-grade, fully-backed stablecoin, instantly accessible through Transak’s reliable fiat-to-crypto on-ramp, which is already integrated into more than 450 wallets and decentralized applications (dApps).

Transak’s support extends RLUSD’s global reach, as the platform has over 8.3 million users. Sami Start, CEO and co-founder of Transak, stated, “Transak has always worked to make finance truly accessible, and that includes bringing on assets like RLUSD that balance blockchain ethos with compliance requirements.”