The recent surge in XRP addresses holdings of at least $100,000 reflects an increasing interest from investors. According to Coin Metrics’ chart, the number of these addresses have jumped significantly since the start of the year, mirroring the uptrend that occurred in early 2021 when XRP rally to $1.96. The gradual upsurge in these addresses comes despite US Securities and Exchange Commission (SEC) filing a lawsuit against Ripple.

Apart from the surge in XRP addresses holding large sums, the total number of XRP addresses currently sits at 4.66 million, showing a rise of more than 320,000 since October 2021. The asset is expected to reach the 5 million wallet addresses soon. Furthermore, over 50 whale addresses holding anywhere from 10 million to 100 million XRP were recently added to the network.

In line with these bull signals, XRP has seen a 38% gain in the past month, and is currently trading for $0.512, up 1.79% in the past 24 hours. Crypto experts predict the asset could reach $1 if the Judge rules in favor of Ripple in the lawsuit, leading to a further jump in the number of wallet addresses.

Overall, XRP is exhibiting several positive signs which could bring renewed interest from investors, weathering the storm created by the SEC lawsuit. Bitcoin whale investors and crypto enthusiasts are awaiting for the judgement of Judge Torres, hoping for the ripple to win and the XRP price to surge.



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