Recently, the XRP network has recorded a notable surge in whale activity, indicating an increased interest in this asset.
Rise of Whale Activity in XRP
Data from XRPScan and TradingView shows that the transfer volume on the XRP Ledger reached $1.07 billion, marking the highest peak in over a month. On a single day, 2.08 million transactions occurred, engaging around 10,279 addresses. This surge in whale activity implies not just liquidity redistribution but also strategic accumulation, shifting network dynamics, and growing confidence in XRP's growth.
Technical and Institutional Support Factors
XRP's rebound is underpinned by strong technical setups, including double-bottom breakouts, bullish MACD crossover, and an emerging Gold Cross, contributing to trader optimism. Market analyst Tom Tucker noted the completion of a bullish breakout, which may lead to a rally toward $5.27. Additionally, large-scale interest in futures surged to a record $11 billion.
Innovative Earn XRP Program in Japan
Japan's Aplus, part of the Shinsei Bank Group, has partnered with SBI VC Trade to launch a new crypto-based rewards program. Credit cardholders can now convert their reward points directly into cryptocurrencies, including XRP, marking a significant step in integrating crypto into loyalty programs in Japan. Digital strategist John Squire highlighted this as a real-world adoption of technology.
XRP transfers exceeding $1.07 billion reflect a coordinated response from whales to market triggers and institutional momentum. Concurrently, Japan is advancing the adoption of XRP in everyday finance.
