Last week, Ripple generated great excitement in its ecosystem after announcing a partnership with BNY Mellon. Thanks to this partnership, the bank will become the main custodian of the reserves of the stablecoin RLUSD, as the circulating supply exceeds 500 million dollars.
Amid reports about the custody of Ripple's reserves by the oldest bank in the United States, the XRP Ledger is accumulating brilliant metrics. On-chain data revealed that whale activity on XRPL reached an all-time high. Last week, Ripple whales holding more than one million XRP increased their wallets by 2,742, accumulating a total of 47.32 billion XRP.
During the week, the price of XRP reached a seven-week high of $2.39 amid the Bitcoin surge, as experts foresee a double-digit price in the near future. Ripple's CEO, Brad Garlinghouse, appeared at the U.S. Senate's CLARITY Act hearing to culminate a week full of events.