The price of XRP, the third largest cryptocurrency, has surged to a near-seven-year high of $2.90. This has been attributed to increased whale activity, with large holders moving XRP at an unprecedented rate. On-chain analytics platform CryptoQuant reported that XRP whale activity has reached an all-time high. The CEO of CryptoQuant suggests that Coinbase whales may be fueling the XRP boom. Additionally, wallets with 1 million to 10 million XRP have accumulated a significant number of tokens in the last three weeks. Despite potential short-term volatility, the rising levels of utility on the XRP blockchain are seen as a promising sign for the long term.



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