Sudden upward trend on the XRP Ledger: Signs of a transformation
Activity of cryptocurrency whales reaches record levels
During the week witnessing the most dynamic event in the 12-year operation of XRP, the activity of addresses has surged. According to data from the market analysis platform, the number of daily interactive wallets has increased by more than 800%. On average, nearly 295,000 addresses connect each day, compared to the usual range of only 35,000 – 40,000. This spike indicates that large capital flows are strongly entering the network, completely opposite to the recovery trend of the cryptocurrency market. This phenomenon signals that major investors are likely accumulating assets ahead of significant advancements.
Whale holdings reach an all-time high
The number of wallets holding 1 million XRP or more has reached 2,708, the highest in history. Equivalent to over 2.25 million USD per wallet, at current prices. Interestingly, at the same time, the activity of both retail investors and whales has increased. Typically, one group leads and the other follows. But this time, both groups are acting in sync, indicating early signs of accumulation by large groups, predicting a major transformation is about to occur in the market.
Big players are pouring capital into XRP
On-chain data shows that the linkage activity of XRP addresses is soaring. The average interactive addresses have exceeded 295K per day, while the average in the last 3 months was only from 35-40K. The community's reaction proves that this event is not random. Many experts believe that this active activity may relate to the increasing trust in the XRP Ledger or preparing for clearer regulations in the future.
Price is lagging, but the upward momentum is clear
While activity is surging, the price of XRP remains slow to respond. After reaching 2.33 USD, the price slightly decreased to about 2.24 USD. However, analyses agree that this is just a delay in price compared to the fundamental factors. Many experts expect that this strong activity is a positive signal for XRP's potential to rise soon, especially as investors are hoping for regulatory clarity and the potential for significant profit reserves in the new bull cycle.
Clear signs of a major shift in the cryptocurrency community
The combination of whale activity and new users, both at unprecedented highs, is signaling a serious trend. Although the price of XRP has not surpassed 3 USD, behind this event, major investors are 'betting' on new advancements. The possibility of a major breakout phase or prolonged accumulation could occur, and this proves that XRP is back in the sights of market strategists and smart investors.
The future of XRP seems to be entering a phase of explosive growth. Don't miss these trends to seize optimal opportunities in the cryptocurrency market.
Source: https://tintucbitcoin.com/bitcoin-dang-tren-da-but-pha/
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