$XRP 🚀 Jumps 17% As Whales Show ‘Enormous’ Accumulation Spree 🐋
XRP has seen fresh bullish momentum recently as on-chain data reveals whales have been participating in a rapid accumulation spree. 🤑
📈 XRP Has Registered A Rise Of Over 17% In The Past Week
The cryptocurrency market as a whole has observed a recovery wave 🌊 in the past day, but among the top coins, one asset in particular has stood out: XRP.
The asset has witnessed a 7% increase over the last 24 hours, pushing its price to $2.75. Below is a chart showcasing the coin’s recent performance:
🖼️ XRP Price Chart
Looks like the coin has enjoyed strong bullish momentum in recent days! | Source: XRPUSDT on TradingView
At the peak of this rally, XRP even briefly surpassed the $2.89 mark 🌟 but has since retraced to its current level. Despite this, the coin remains up over 17% in the past week, making it the best performer among the top 30 cryptocurrencies by market cap. 🏆
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🐋 Whales Are Buying XRP Like Crazy
In a post on X, on-chain analytics firm Santiment highlighted that XRP's rally has been supported by ‘enormous’ whale accumulation.
Whales, entities owning between 1 million and 10 million XRP tokens (worth $2.75 million to $27.5 million at the current price), have been busy accumulating. These holders play a significant role in the market, so their actions are worth monitoring.
Here’s what Santiment’s data shows:
📊 Whale Holdings Trend Chart
Over the past two months, whales have added a staggering 1.43 billion XRP tokens to their wallets—a 37.4% increase in their holdings! 🐳✨
The continuous accumulation, even during December’s peak, is a positive indicator 📈, as it signals that these influential investors still believe in the coin’s potential.
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As whales keep stacking XRP, the asset’s momentum remains strong. Will this trend continue, or is another price surge on the horizon? ⏳
👉 Stay tuned for more updates on XRP and the crypto market! 🌐
$XRP #xrp #Ripple #BTCBackto100K