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XRP en route to new all-time high; key metrics to watch out for

Cryptos | 12/03/2024 04:35:00 GMT

Ripple whales have accumulated over $1.8 billion worth of XRP tokens amid a 200% rise in weekly active addresses.

WisdomTree filed an S-1 registration with the SEC for an XRP ETF.

XRP investors across several cohorts realized over $2.7 billion in profits in past three days following heavy Ripple token unlock.

XRP eyes a new all-time high at $3.57 after sweeping the $2.58 resistance level.

Ripple's XRP continued its rally with a 25% surge on Monday, stretching its monthly gains to over 430%. Following the recent uptrend, the remittance-based token now ranks #3 among top cryptocurrencies despite witnessing a mix of bullish and somewhat bearish investor actions in the past few days.

XRP key updates to watch out for amid recent bullish charge

According to Santiment data, XRP has been seeing heightened buying activity from investors in the past three weeks following its recent surge.

Whales holding between 1M-10M of the remittance-based token bought 679.1 million XRP, now worth ~$1.8 billion. This comes as the non-empty XRP wallets surged above 5.5M for the first time since launch.