Whales Are Buying XRP Like Crazy

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Buckle up, folks! 🚀 XRP is on a wild ride, and I’m not just talking about the time I tried to explain cryptocurrency to my grandma. 😂 The price has surpassed the $2.40 mark, and it’s all thanks to a resurgence in market sentiment and some big players making moves.

Whales Are Running the Show

After a week of consolidating between $2 and $2.35, XRP has finally broken free from its price range shackles. As the market turned bullish, the altcoin witnessed a surge to levels not seen since May, and I’m over here thinking, “Is this real life?” 🤯

Santiment, a leading market intelligence and on-chain data platform, reported that XRP’s market value has surpassed $2.39, reaching a seven-week high for the first time since May 23. I mean, who doesn’t love a good comeback story? 🎉

But here’s the thing: this sudden spike comes with a side of whale-sized wallets on the network. It’s like they’re trying to accumulate all the XRP, and I’m just over here trying to accumulate all the snacks. 🍿👀

With the rising price and growing interest from large investors, the XRP ecosystem is getting a much-needed revitalization. According to Santiment, this advancement in interest is observed among wallet addresses holding at least 1 million XRP. Because who doesn’t love a good million-dollar investment, am I right? 💸

Data from the platform shows that the number of wallet addresses holding 1 million XRP is currently at 2,742. Santiment noted that this figure is just one off from the all-time high of 2,743, which was recorded on Tuesday. I mean, talk about a close call! 🤯

In addition, the platform highlighted that this group of investors has collectively accumulated over 47.32 billion XRP, valued at a whopping $114 billion at current prices. I guess you could say they’re “all in” on XRP. 🤯

History Repeats Itself (Maybe)

With key investors holding firm on their coins, the foundation may be subtly set for a big step forward. In an analysis posted on the X platform, Ripples, a commenter and crypto enthusiast, has offered a compelling trend that points to an impending major rally for XRP.

Ripples has aligned his forecast with a past trend that preceded a move to a new all-time high in 2017. The chart shows that the altcoin consolidated for 32 weeks before breaking out on the 33rd week. Because who doesn’t love a good pattern? 🔍

According to the expert, the asset is repeating this trend, consolidating for over 32 weeks as seen in the 2017 cycle. Considering past results, the expert is confident that the altcoin is set to rally sharply, possibly creating a new all-time high. Fingers crossed, folks! 🤞

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2025-07-10 22:13