Recent analysis shows rising confidence among XRP whale holders, with a record number of wallets holding over a million tokens and positive technical indicators.
Surge in Whale Wallets
Data from blockchain analytics firm Santiment indicates that the number of wallets holding at least 1 million XRP has reached 2,700. This is the highest figure in the 12-year history of the network. The rise in large holders coincides with a 359% increase in the token's price over the past year, indicating long-term confidence among investors.
Technical Indicators Raise Hopes
Technical indicators such as the MACD and RSI are showing signs of strength. On the daily chart, the MACD has entered bullish territory, signaling increasing buying pressure. These conditions may precede further upward movement if the token maintains a level above 2.00 and confirms a breakout above 2.30.
XRP's Future in the SWIFT Ecosystem
During the XRPL Apex event in Singapore, Ripple CEO Brad Garlinghouse discussed the company's plans to capture up to 14% of SWIFT's global liquidity over the next five years. He pointed out the rapid development of the ecosystem and the increased use of XRP in cross-border transactions.
The increase in the number of large wallets and positive technical signals highlight the growing confidence in XRP’s future. Ripple’s ambition to capture a market share of SWIFT also boosts interest in the XRP Ledger.
