XRP ($XRP) Price: Whale Accumulation Drives XRP to $2.74 Amid Record Network Activity 🐋
XRP’s price saw an impressive surge of 44.7% within 24 hours, reaching a price level of $2.74. This leap increased XRP's market capitalization to $156.3 billion.
A significant factor in this price rise was the increased activity of whale wallets, which hold between 1 to 10 million XRP coins. These wallets accumulated 679.1 million XRP, valued at approximately $1.66 billion.
The spike in XRP’s price also coincided with a marked increase in network activity, evidenced by the creation of over 116,000 new wallet addresses.
In parallel, WisdomTree has made a move in the XRP market by filing for a spot XRP ETF. WisdomTree is joining three other companies that have made similar filings, indicating growing institutional interest.
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