XRP whales are amassing the cryptocurrency in scads as bullish momentum pushes the coin to three-year highs.

XRP has been in fine form in the past seven days. The XRPL native token has exploded 70% in the past week amidst swelling bullish momentum around its ecosystem amid speculations around SEC Chair Gary Gensler’s potential resignation.

The asset’s considerable upsurge has seen it hit a three-year high, reaching prices not seen since December 2021. XRP also reclaimed the $50 billion market cap, putting it on course to overtake meme coin Dogecoin in the rankings.
Meanwhile, XRP’s uptick is not the only bullish activity in its ecosystem. On-chain data shows that buying activities have also ramped up as whales look to stack XRP amidst price reawakening.

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