XRP has experienced a significant price surge over the past 24 hours, driven by bullish trends in two critical on-chain metrics: whale accumulation and network activity.
Key Drivers Behind XRP’s Rally
1. Whale Supply Distribution Hits New Highs
According to Santiment, an on-chain analytics firm, XRP whales (addresses holding 1M+ coins) have been consistently increasing their holdings over the past year.
👉 Why whale activity matters for XRP’s price
- Recent Growth: Despite market volatility, whales added 2.82B XRP (6.5% increase) in the last two months.
- Current Holdings: Large holders now control 46.4B XRP (≈$11.6B), signaling strong long-term confidence.
2. Active Addresses Skyrocket
Retail participation has surged, with daily active addresses reaching levels 6× higher than in January/February.
- Implications: Elevated activity suggests growing retail interest, often a precursor to sustained price momentum.
XRP Price Update
- Current Price: $2.51 (8% weekly gain).
- Short-Term Outlook: Bullish, supported by whale accumulation and network usage.
FAQ: XRP’s Recent Price Movement
Q1: Why did XRP’s price jump 7%?
A: The rally stems from increased whale buying and heightened network activity, reflecting renewed investor confidence.
Q2: How are whales influencing XRP’s price?
A: Whales added 2.82B XRP recently, reducing circulating supply and creating upward pressure.
Q3: What does the spike in active addresses indicate?
A: It suggests higher retail engagement, often correlating with price volatility and potential uptrends.
Q4: Is XRP’s rally sustainable?
A: While metrics are bullish, market conditions and adoption trends will determine long-term stability.
👉 Explore how network activity impacts crypto prices
Final Note: XRP’s combination of whale support and retail momentum positions it for potential growth, but investors should monitor on-chain trends closely.
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