XRP has reached a nearly seven-year high, surging to $2.50 in today's trading session. The surge is believed to be driven by whale accumulation, with wallets holding 1 million to 10 million XRP accumulating 679.1 million tokens in just three weeks. This accumulation is currently valued at $1.66 billion. Coinbase whales may also be driving the price rally, as the minute-level price premium on Coinbase has ranged from 3% to 13% during the surge. XRP's market value has increased to $139 billion, making it the third-largest cryptocurrency. Traders are rotating money out of Bitcoin and into other cryptocurrencies, leading to increased XRP dominance. XRP trading volumes have also increased globally, with South Korea's Upbit exchange experiencing a record $4.25 billion volume in the XRP-won pair. Overall, XRP has steadily climbed from lows of $0.50 on November 5th, surging 353% in 30 days.



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