- XRP surges to $5.25 as whales add 1.43B coins, fueling market confidence and bullish momentum.
- Whale transactions hit record highs, signaling rising interest from major investors and driving XRP’s price recovery.
- Retail and institutional trust in XRP’s long-term potential is increased by accumulation tendencies that emphasize the importance of whales.
The price of XRP has increased above $5.25, the highest since December 2024, as a result of increased accumulation and whale activity. Santiment data shows that from November 12, 2024, wallets with 1M–10M XRP have added 1.43 billion coins to their holdings. This aggressive buying represents a remarkable 37.4% increase in holdings, equating to approximately $3.8 billion in XRP.
Moreover, whale transactions exceeding $100,000 and $1 million USD have surged, reflecting heightened activity and market confidence. Notable spikes in transaction volumes were observed in recent weeks, closely aligning with XRP’s price recovery and bullish momentum.
Whale Activity Drives Market Sentiment
Besides accumulation, the consistent rise in whale transactions signals growing interest among major investors. The past two months have seen a steady increase in transactions by large wallets. Consequently, these movements are fueling XRP’s price resilience and attracting further market participation.
Additionally, the accumulation trend emphasizes the critical role of large stakeholders in XRP’s price trajectory. Santiment’s data highlights how wallets holding 1M-10M coins continue to lead in market influence. These stakeholders show no signs of slowing their buying spree, bolstering confidence among retail and institutional investors.
Positive Metrics Highlight Market Recovery
The XRP ecosystem has witnessed a notable uptick in transaction volumes during December and early January. This increase indicates growing market engagement, with whale activity acting as a catalyst for liquidity. Furthermore, the alignment between price recovery and accumulation reinforces a bullish outlook for the asset.
Santiment’s analysis underscores a strong correlation between whale activity and XRP’s upward momentum. Besides price gains, the data reflects robust participation from major wallets, driving long-term confidence in the asset. The accumulation trend, coupled with consistent whale transactions, showcases XRP’s growing appeal among investors. Moreover, the steady price recovery highlights the market’s confidence in XRP’s prospects.
The post Whales Accumulate $3.8B in XRP, Pushing Prices to 13-Month High appeared first on Cryptonewsland.
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