The number of crypto wallets holding at least 1 million XRP tokens has hit a record high, coinciding with a 26% increase in XRP's price over the past week. Onchain analytics platform Santiment reported that the count of wallets with over 1 million XRP has reached 2,743, indicating a growing number of XRP whales and an increase in the total supply they possess. Currently, these wallets hold 47.32 billion XRP tokens. At the time of writing, XRP is trading at $2.80, having surged 26% in the last week and 10% in the past 24 hours. This price increase has led to the liquidation of $31.44 million in XRP short positions. Previously, traders were uncertain about XRP's direction as it consolidated within a range of $1.90 to $2.90 for nearly 200 days. The recent rally aligns with a broader market breakout, with Bitcoin also reaching new all-time highs, suggesting the onset of an altcoin season. Read more AI-generated news on: https://app.chaingpt.org/news

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