**XRP Skyrockets! Price Increases 8% in 24 Hours 🚀**
- XRP jumped to $0.66 on Wednesday, up 8% from $0.60 in the last 24 hours. This is the highest level since the third week of March.
- This price spike comes amidst important developments in the XRP ecosystem and increased investor optimism.
- Latest data from Santiment shows a significant increase in the number of wallets holding at least 10,000 XRP, reaching 279.4k addresses, the highest in six months.
- This accumulation trend reflects bullish sentiment towards XRP. As more large investors accumulate XRP, its market value tends to rise.
- Tuesday's SEC filing also affected XRP sentiment. There is speculation that the SEC may loosen its stance on Ripple.
- Ripple is scheduled to release 1 billion XRP tokens in August, worth about $641 million. While usually increasing supply lowers prices, research shows it can increase bullish trends due to increased liquidity.
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