XRP is making waves again — and this time, it's the whales that are driving the momentum.
According to on-chain analytics from Santiment, major holders of XRP (wallets with over 1 million tokens) have locked in a staggering 47.32 billion XRP, signaling renewed confidence in the asset. The number of such wallets now stands at 2,742, just one short of the all-time high.
🚀 XRP Price Hits 7-Week High
The price of XRP has climbed to $2.43, up 4.31% in the past 24 hours and 6.53% over the last week — levels not seen since May 23. On July 9, XRP briefly touched $2.459, continuing a 3-day streak of gains.
📈 Why the Surge?
Momentum picked up after Ripple announced that Bank of New York Mellon would serve as the primary custodian for RLUSD, Ripple’s U.S. dollar-pegged stablecoin. The news likely boosted investor sentiment and catalyzed institutional interest.
🔥 Analyst Take: $2.60 in Sight
Crypto analyst Ali believes XRP is now in breakout territory. If the bulls can maintain momentum and push past $2.60, the next target could lie above $3.00 — especially if broader crypto market sentiment remains bullish.
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📊 Key Stats:
🐋 Whale wallets (1M+ XRP): 2,742
🔒 Total XRP held by whales: 47.32 billion
💹 XRP Price: $2.43 (as of press time)
📈 3-day price rally since July 7
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With whale accumulation on the rise and Ripple making institutional moves, XRP is back in the spotlight. Will it break through to new highs?
#XRP #Ripple #CryptoNews #Whales #Santiment #BNYMellon #RLUSD #BullishMomentum
