XRP is making waves again! ๐ŸŒŠ According to fresh data from Santiment, 2,742 wallets now hold at least 1 million XRP each, marking a 7-week high in whale activity. ๐Ÿ‹ This growing accumulation is catching the attention of both investors and analysts, as XRP continues its bullish trend.

---

๐Ÿš€ Price Surge Backed by Big Wallets

Over the past week, XRPโ€™s price jumped to $2.43, its highest level since late May. ๐Ÿ“† The increase in million-plus XRP wallets is just one wallet shy of the all-time record of 2,743 โ€” signaling strong conviction among large holders.

---

๐Ÿ”Ž Key Developments Behind the Scene

Whales accumulating: These top wallets now collectively hold over 47.32 billion XRP, nearly half of the total supply. ๐Ÿฆ

Massive transactions: Ripple recently moved 200 million XRP to an unknown wallet and another 25.5 million XRP made its way to Coinbase. ๐Ÿคฏ

Technical signals: XRP has broken above major resistance and key moving averages, with momentum indicators showing bullish strength. ๐Ÿ“Š

---

๐Ÿ›๏ธ Institutional Fuel

Investor excitement is also being fueled by:

XRP futures ETF launch speculation ๐Ÿ”„

Potential spot ETF announcements in July ๐Ÿ’ผ

BNY Mellon partnership as RLUSD custodian ๐Ÿ”

These developments hint at growing institutional interest in Ripple and the XRP ecosystem.

---

๐Ÿ“‰ What Could Go Wrong?

While sentiment is hot, a few risks remain:

Large wallet movements to exchanges ๐Ÿƒโ€โ™‚๏ธ๐Ÿ’ธ

Potential rejection near $2.50 resistance ๐Ÿšซ

Regulatory news shocks โš–๏ธ

So, traders should keep a close watch on support levels near $2.30 and $2.21, where a pullback could lead to short-term corrections. ๐Ÿ”

---

๐Ÿ“Œ Final Thoughts

The rise in whale wallets is a strong vote of confidence ๐Ÿ—ณ๏ธ for XRPโ€™s future. Combined with improving technicals and institutional attention, the mid-term outlook appears promising. But with great accumulation comes greater volatility โ€” so stay informed, and trade wisely. โš–๏ธ๐Ÿ“‰๐Ÿ“ˆ

---

#XRPWhales #CryptoNews #RippleUpdate #XRPPrice #CryptoMarket $XRP