Whales continue to actively buy XRP

According to Santiment, the growth of XRP was due to the activity of all categories of investors.

Large holders, who own from 1 to 10 million XRP coins, have acquired an additional 679.1 million coins worth $1.66 billion over the past three weeks.

Recently, XRP reached its highest since January 2018, rising to $2.8. However, the next day, traders began to take their profits, which led to a correction in the asset.

There is also an increase in the number of small wallets in the Ripple ecosystem: for the first time since 2016, their number exceeded 5.5 million.

Since November 9, 119,820 new XRP addresses with positive balances have appeared on the network, which is a record figure for the past eight years.

However, analysts warn that the sharp growth of the asset may indicate market overheating and a potential painful correction.