According to the news from the Coin World Network, Santiment said on the X platform that XRP has now broken through a 3-year high, reaching $1.2679 on Binance for the first time since November 11, 2021. The rebound was helped by major whale wallets holding 1 million to 100 million tokens. In the past week alone, the group has accumulated a total of 453.3 million tokens (worth $526.3 million). At the same time, the tokens they accumulated mainly came from retail traders who tried to sell tokens when XRP saw a small increase. Last week, wallets holding less than 1 million XRP sold a total of 75.7 million tokens (worth $87.9 million). Historically, when cryptocurrency traders increase their holdings and confidence, their market value tends to see positive growth, while retail FUD further fuels this growth. This is exactly the scenario presented by XRP.

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