XRP Hits 12-Yr Milestone With Over 2,700 Whale Wallets Holding Over 1M XRP, Onchain Information Present

The variety of whale wallets holding giant quantities of XRP

has elevated to a report excessive in an indication of confidence within the cryptocurrency’s value prospects.

“There at the moment are over 2,700 whale & shark wallets holding not less than 1M XRP for the primary time within the asset’s 12 plus yr historical past,” blockchain analytics agency Santiment mentioned on X.

Moreover, the quantity of lively XRP addresses has averaged over 295,000 per day over the previous week, considerably increased than the typical of 35,000-40,000 over the previous three months.

XRP is the payments-focused cryptocurrency utilized by the fintech firm Ripple to facilitate cross-border transactions. As of writing, the cryptocurrency traded flat round $2.23, representing a 7% achieve for the yr, CoinDesk information present.