XRP has shown impressive growth, rising 80% since April and nearing $3. This has become a significant event in the cryptocurrency market.
XRP Reaches Former Heights
XRP has increased by 8% in the last 24 hours and 25% weekly, making it one of the strongest assets in the market. This growth is observed alongside the overall surge in cryptocurrencies, including Bitcoin, which hit a record of $118,800.
Whale Activity Sparks Speculation
On-chain data confirms several large XRP transfers over the last 24 hours. For instance, a transfer of 33 million XRP (about $90 million) was flagged moving from Upbit to an unknown wallet. Another 40 million XRP, valued at over $100 million, moved between unidentified addresses.
XRP ETF Volume Spikes
Trading activity in XRP-linked ETFs has also risen significantly. ETF volumes for XRP have surged 4-5 times above normal. The 2x leveraged XRP fund ($XXRP) rose 27% on the day and 55% this week.
The current momentum of XRP, fueled by investor activity and rising ETF volumes, creates positive expectations for further growth. Investors are closely monitoring the developments.
