CandleFocus $XRP Reaches $2.49 with 3-Week Whale Accumulation
2024-12-03
Author: Content Editor
Ripple's XRP has achieved a market value of $2.49, its highest since 2018, driven by intense activity and accumulation by both whales and retail investors. Wallets holding between 1 million and 10 million XRP have accumulated an impressive 679.1 million tokens worth $1.66 billion in just three weeks, showcasing renewed optimism in XRP's long-term potential. This accumulation by large holders, known as whales, has contributed to XRP's recent price rally and signals broader adoption by institutional and high-net-worth investors. XRP's price breakout and growing wallet activity solidify its position as a major player in the crypto market and raise questions about its sustainability and potential in cross-border payments and decentralized finance.
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