The number of large investors in XRP (XRP) has reached an all-time high, indicating a strengthened confidence in the cryptocurrency.

The popular payment-focused cryptocurrency XRP continues to remain on investors' radars. According to on-chain data provided by Santiment, the number of large investors, referred to as 'whales and sharks', holding at least 1 million XRP has surpassed 2,700 for the first time. This figure highlights that it is the highest level ever reached in XRP's more than 12-year history.

Since the beginning of the year, the XRP price has shown only a 7.5% increase, and it has not fully met expectations during this period. However, the record increase in the number of large investors indicates that there is strong confidence in XRP in the market. Additionally, in the past week, the daily average of active XRP addresses has exceeded 295,000, significantly above the average levels of 35,000-40,000 over the last three months.

Significant Increase in Active Addresses

The sudden rise in active XRP addresses indicates an increase in investors' short-term trading activities and demonstrates that the usage of the XRP network has accelerated significantly recently. This data is interpreted as a sign that the activity and interest in the XRP ecosystem are continuing to grow.

Experts state that we may see more clearly the positive effects of this rise in whale movements on XRP prices in the coming period. It is believed that investors are developing long-term strategies by holding large amounts of XRP.

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