Recent activity in the XRP market shows heightened buyer interest. The digital asset's price has surged, supported by large holder activity.
Price Surge of XRP
Recently, XRP's price significantly rose to $2.82, marking the highest point since May. Over the past week, the cryptocurrency's price has increased at a faster rate than many others, approaching its all-time high of $3.84.
Data on Large Holders of XRP
According to Santiment data, the number of wallets holding at least 1 million XRP has approached 3,000. These holders possess combined assets exceeding 47 billion XRP, valued at over $155 billion at current market prices.
Fundamental Factors Supporting Growth
XRP is also benefiting from increasing institutional partnerships and the expansion of On-Demand Liquidity (ODL) services in various regions. These factors contribute to growing interest in the currency and, consequently, its price.
Thus, the growing interest in XRP and the increase in the number of large investors may indicate a continuation of positive trends in the cryptocurrency market.
