XRP has soared, reaching a market capitalization of over $155 billion. The token is currently trading at $2.83, marking an 11.64% increase in the last 24 hours.
XRP Price Surge
This price surge comes with a 9.22% increase in trading volume, reaching $11.25 billion at the time of writing. This heightened activity demonstrates growing investor interest in XRP and its resilience in the market.
Impact of Large Investors
Large wallet accumulation is what’s been driving the latest XRP’s price surge. According to Santiment, wallets holding between 1 million and 10 million XRP have boosted their holdings by 37% since November 2024. This accumulation has added $3.8 billion worth of XRP to these portfolios, signaling increasing investor confidence.
Technical Indicators
Technical indicators show strong bullish momentum for XRP, with rising RSI and MACD highlighting positive investor sentiment.
The sudden increase in XRP emphasizes its significance in the cryptocurrency world. Major investor accumulation and positive technical indicators support the continuation of this trend.
