• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Whales Accumulate XRP: Price Hits 7-Week High

user avatar

by Giorgi Kostiuk

7 hours ago


New data reveals significant accumulation of XRP among large investors, or whales, leading to a rise in this cryptocurrency's price.

XRP Price Surge

Currently, the price of XRP has reached a 7-week high, surpassing the $2.39 mark. This increase has been witnessed since May 23, facilitated by the rise in accumulation from major holders.

Whale Data

According to analytics firm Santiment, there are currently 2,742 wallets holding at least 1 million XRP each. The combined holdings in these wallets total 47.32 billion XRP, indicating a high level of confidence from investors in the cryptocurrency's future. 'XRP's market value has hit a 7-week high, crossing above $2.39 for the first time since May 23rd,' notes Santiment.

Future Prospects for XRP

At press time, XRP was up 4.31% over the last 24 hours and 6.53% over the past week. The price rise of XRP coincided with Ripple's announcement that it has selected Bank of New York Mellon as the primary custodian for its USD-pegged stablecoin, RLUSD. Analysts suggest that if XRP can break key resistance levels, it could reach $2.60, with the potential for further growth above $3.00.

The surge in XRP prices alongside asset accumulation by major investors highlights the growing interest and confidence in this cryptocurrency's future. Investors and analysts are closely monitoring further market movements.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Yapı Kredi Bank Introduces Cryptocurrency Trading Services in Turkey

chest

Yapı Kredi Bank officially announces the launch of a cryptocurrency trading platform, marking a significant development for Turkey's financial landscape.

user avatarGiorgi Kostiuk

Bitcoin Solaris Launches Nova App; BlockDAG’s X1 Miner Surpasses 2 Million Users

chest

Bitcoin Solaris launches Nova app, while BlockDAG's X1 miner has attracted 2 million users.

user avatarGiorgi Kostiuk

Bitcoin Hits Record High: New Peak at $113,700 Driven by Institutional Investments

chest

Bitcoin reached a new high of $113,700 due to institutional inflows and political factors.

user avatarGiorgi Kostiuk

Impact of US Dollar on Global Financial System in Q1 2023

chest

Exploring the factors affecting US Dollar reserves in Q1 2023 and their significance for the global economy.

user avatarGiorgi Kostiuk

Prospects of Solana and Success of Mutuum Finance in DeFi

chest

Solana is gaining momentum, approaching the $180 mark, while Mutuum Finance is successfully conducting its presale.

user avatarGiorgi Kostiuk

ChainCatcher Hosts Discussion on AI and Cryptocurrency Trends

chest

The ChainCatcher event focused on the synergy between AI and cryptocurrency, market impacts, and future trends.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.