XRP has achieved a notable milestone, with on-chain data revealing that more than 2,700 whale and shark wallets are now holding at least 1 million XRP. This is the highest number recorded in the cryptocurrency's over 12-year history, according to blockchain analytics firm Santiment. Alongside this increase, the average number of active XRP addresses has surged, averaging over 295,000 per day in the past week compared to a mere 35,000-40,000 over the previous three months. XRP is primarily known as a cryptocurrency used by Ripple for cross-border transactions. As of now, XRP trades at approximately $2.24, reflecting a 7% increase for the year thus far.
XRP Reaches Record High of 2,700 Whale Wallets Amid Strong Market Interest
XRP marks a new milestone with over 2,700 whale wallets holding at least 1 million XRP, signaling a surge in market confidence.
Jamie Bennett
Crypto Analyst
4 min read
38,796
Analysis
Market Sentiment
Bearish
Neutral
Bullish
News Impact
8/10
Credibility: 9/10
Trading Recommendation
XRP
XRP
BUY
Entry Price
$2.24
Confidence
80%
Stop Loss
$2.1
Take Profit
$2.5 - $2.75
The increase in whale wallets and active addresses suggests strong market confidence in XRP. This is a good entry point for bullish sentiment.
