CoinVoice has recently learned that 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 rally was helped by major whale wallets holding between 1 million and 100 million tokens. In the past week alone, this 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 rise.
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 capitalization tends to see positive growth, while retail FUD further fuels this growth. This is exactly the scenario that XRP has shown. [Original link]
