XRP Soars 5.92% as Whale Holdings Hit Record 47.32 Billion and Trading Volume Surges

XRPUSDT experienced a 5.92% price increase over the past 24 hours, with the current price at 2.8399 USDT on Binance. The recent price surge is primarily attributed to heightened whale activity, as the number of wallets holding at least 1 million XRP reached a record high, and total whale holdings climbed to 47.32 billion XRP. This accumulation, along with significant trading volume and increased market interest, has driven volatility and upward momentum. Additional contributing factors include ongoing Binance promotions featuring XRP, Ripple’s partnership with BNY Mellon for RLUSD stablecoin custody, and market reactions to technical signals and liquidations of short positions. XRP maintains strong trading activity, with 24-hour volume between $6.42 billion and $14.88 billion, a circulating supply of approximately 59.13 billion, and a market capitalization in the $164–169 billion range.