Recent data analysis indicates a growing interest in XRP, supported by an increase in the number of large wallets and anticipated market changes.
Increase in Large XRP Holders
Currently, nearly 2,750 wallets hold more than 1 million XRP each, nearing an all-time high. The total whale-controlled supply stands at over 47 billion tokens.
Market Dynamics and Expected Changes
The recent price surge of XRP coincided with its strongest quarterly close to date, reflecting improved market sentiment and increasing demand—especially in South Korea, where it leads trading volume on the Upbit exchange.
Ripple's Activities and Ties to Traditional Finance
Ripple has ramped up its connections with traditional finance, choosing BNY Mellon to safeguard RLUSD reserves and applying for a national bank license. The RLUSD stablecoin has surpassed $500 million in supply just months after launch.
Consequently, XRP continues to attract attention from both investors and institutional players, driven by whale activity and anticipated market changes.
