XRP Whales Buy More: Wallets With 1M+ Tokens Reach Record Level

Following the market's recent optimism, whales, or wealthy investors, are buying up XRP in significant amounts, signaling high faith in the altcoin's prospects.

Large Investor Holdings Reach Record High

Big investors' mindset and acceptance of crypto assets have changed as the number of wallets containing at least 1 million tokens has climbed to record levels in over 4 years, making XRP whales news. Santiment, a leading market intelligence and on-chain data platform, posted on X about the accumulation bump.

The site reports that these wallets own 45.61 billion XRP, the most since June 2018. Whales and sharks have also gained 3.44 billion tokens in the previous two years, an 8.16% rise.

The rise in adoption demonstrates strong confidence in its long-term prospects amid better market and regulatory circumstances. It also shows a strategy by these investors before the anticipated market climb to greater highs.

While huge investors have been buying the cryptocurrency, Santiment said that XRP traders had earned over 40% in the last week, confirming its potential as a digital asset.

This encouraging development comes after the token's fresh ascent to numerous major resistance levels, which market analysts feel might be the start of a wider rise to a new all-time high.

Crypto expert is certain the commodity will reach a new price top. His prediction relies on strong technical indications and cycle tendencies to predict price momentum.

The market analyst predicts that XRP will climb by more than 300% from its current price level to $3.30, comparing to prior performances. Javon Marks believes the move may represent the start of the asset's rise, given the overall outlook.

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