Editor's PiCK
Number of wallets holding over 1 million XRP surpasses 2,700..."Hints at price surge"
Summary
- The number of wallets holding more than 1 million XRP has surpassed 2,700 for the first time ever.
- It was analyzed that strong whale accumulation and increased network activity are usually indicators leading up to a price rally.
- Analysts have predicted that the price of XRP will reach at least $8.
The number of wallets holding more than 1 million XRP has surpassed 2,700.
According to The Crypto Basic on the 17th (local time), the number of wallets holding over 1 million XRP exceeded 2,700 for the first time ever. The outlet stated, "Currently, 2,708 wallets hold more than $2.25 million worth of XRP," adding, "This signals that whales are accumulating large amounts at early $2 prices."
In addition, it was reported that XRP Ledger's daily transaction volume has exceeded its average of the past three months. It was further explained that "the average daily active addresses have surpassed 295,000, marking a 637.5% increase compared to last week."
The media outlet noted, "A strong accumulation by whales and large-scale network activity typically precede a price rally," and that "analysts predict that the price of XRP will reach at least $8."
As of 3:56 p.m., on the Binance USDT market, XRP is trading at $2.23, up 2.29% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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