【Authorities say XRP is about to welcome a major event】

Well-known market commentator Armando Pantoja stated that XRP is welcoming significant events, with on-chain activity data showing remarkable growth. He pointed out that recently, XRP whales have been accumulating a large amount, reflecting the market's expectations for a price increase.

According to the data, whales increased their holdings by 453.3 million XRP in one week, worth approximately $526 million, and addresses holding between 1 million to 10 million XRP control 18% of the circulating supply of XRP. Meanwhile, the number of addresses holding more than 100,000 XRP reached 51.59 billion, accounting for 85% of the circulating supply, setting an 11-month high.

This accumulation phenomenon coincides with XRP breaking the $1 mark and reaching a three-year high of $1.26. Market analysts hold an optimistic view of XRP's future price performance. Bobby A predicts that XRP has the potential to reach between $3 and $13, while chartered market technician Tony Severino even forecasts that XRP will skyrocket by 1,710%, hitting $20.

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