🥳📈 #Xrp🔥🔥 P has now broken a 3-year high, hitting $1.2679 on Binance for the first time since November 11, 2021. This rise came as key whale and shark wallets, which hold between 1 million and 100 million tokens, collectively amassed another 453.3 million tokens (worth $526.3 million) in the last week alone.

Meanwhile, the coins they are hoarding are mostly coming from retail traders looking to dump their coins on any small rally in XRP. Wallets with less than 1 million XRP collectively dumped 75.7 million tokens (worth $87.9 million) in the last week alone.

Historically, any cryptocurrency tends to show positive market cap growth when its major stakeholders increase their holdings and confidence, while concurrent retail FUD further fuels that growth. That’s exactly the scenario unfolding for the crypto asset that currently ranks 6th by market cap. 👍