#XRP Climbs 3.6% in Past Hours: 2 Key Forces Behind the Surge
The move comes despite lingering caution following Ripple co-founder Chris Larsen’s recent $200 million token transfer.
Whales tighten supply, offseting co-founder’s sell-off
According to U.Today, large holders purchased over $415 million in XRP within a single day, absorbing bearish pressure and consolidating supply. On-chain data reveals 2,743 wallets now hold over 1 million XRP each, collectively locking up 47.32 billion tokens. This reduction in liquid supply has offered price stability amid volatility fears.
The accumulation followed Larsen’s sell-off and appears to reflect increased institutional and whale confidence in XRP’s long-term positioning, especially as U.S. regulatory concerns ease....
