XRP, the third-largest cryptocurrency by market capitalization, has surged to a near-seven-year high of $2.90, reigniting bullish momentum. Whale activity is driving this rally, with on-chain data revealing unprecedented accumulation and movement of XRP by large holders.
Unprecedented Whale Movement
- CryptoQuant reports XRP whale activity at an all-time high, stating, "XRP has never captured the attention of whales to this extent."
- Price action: XRP is up 15.23% in 24 hours, peaking at $2.90** intraday. The token has logged **six consecutive days of gains**, with analysts eyeing **$3 as the next target.
- Monthly gains: XRP surged 440% over 30 days, with whales playing a pivotal role in the rally.
👉 Why XRP whales are betting big now
Whale Accumulation Trends
- Santiment data: Wallets holding 1M–10M XRP accumulated 679.1M tokens ($1.66B) in three weeks.
- Wallet growth: Nonempty XRP wallets surpassed 5.5M for the first time in XRP’s history.
- Weekend spike: Whales bought 160M XRP (~$380M) in 48 hours, per analyst Ali.
Network Growth Signals Strength
- 22,357 new wallets were added to the XRP Ledger in a single day.
- Santiment notes "robust network growth" for XRP and other altcoins, signaling long-term utility despite short-term volatility.
FAQs
Q: Why is XRP’s price surging?
A: Whale accumulation, heightened network activity, and bullish market sentiment are key drivers.
Q: What’s the significance of whale activity?
A: Large holders often indicate confidence in an asset’s future value, influencing market trends.
Q: Could XRP reach $3 soon?
A: With current momentum and whale support, $3 is a plausible near-term target if buying pressure sustains.
👉 Explore XRP trading strategies
Note: Always conduct independent research before investing in volatile assets like cryptocurrencies.
### Key SEO Elements
- **Keywords**: XRP, whale activity, cryptocurrency, price surge, Santiment, CryptoQuant, XRP Ledger.
- **Structure**: Hierarchical headings, bullet points, and FAQs for readability.