Quick overview

Live XRP/USD Chart

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The number of XRP whales has surged to an all-time high, indicating growing institutional interest. , XRP bulls appear to be wide awake and active since the altcoin has outperformed in several ways over the past week . It is noteworthy that XRP has retested a prior high and seems to be headed toward retesting its all-time high.

 

 

Santiment data indicates that the market value of XRP has surged to levels not seen since May. The asset’s recent performance further supports the move’s suggestion of rising demand. According to Santiment’s analysis, XRP whales who possess at least one million XRP—which at the time was worth an incredible $2,458,300—play a crucial role.

The number of wallets holding at least one million XRP tokens has increased to an all-time high of 2,743 wallets, indicating a notable accumulation trend among XRP holders, according to recent blockchain analytics. The rise in large holders comes as the price of XRP has risen 26% in the last seven days.

XRP was trading at $2.8, demonstrating its impressive weekly performance, with 7-day gains reaching 13 percent. This week, top altcoins have surpassed Bitcoin, but XRP is currently the second-highest weekly gainer after Ether.  The asset has been steadily increasing since the middle of June, with gains of up to 7% over the past 30 days.