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XRP Whale Wallets Hit Record High as Price Jumps 26% in One Week

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XRP is making headlines again, and this time, it’s not just about price.  According to a report by Crypto News, citing fresh data from on-chain analytics platform Santiment, the number of large XRP holders, or “whales,” has reached an all-time high. As XRP’s price jumped 26% in just one week, more than 2,700 wallets are now holding at least one million tokens, marking a clear accumulation trend that could signal bigger moves ahead.

Whale Activity Surges as XRP Hits $2.80

At the heart of this rally is a massive wave of accumulation. As of this week, 2,743 wallets each hold over 1 million XRP, making it the highest number ever recorded. Together, these whale wallets control more than 47.32 billion XRP, which is nearly half of the total supply in circulation.

The surge in holdings comes as XRP’s price reached $2.80, driven by a 10% daily gain and a broader rally across the crypto market. According to CoinGlass, this sharp price movement also wiped out nearly $31.44 million in XRP short positions, catching many bearish traders off guard.

Market Momentum Signals Start of Altcoin Season

According to Santiment, this uptick in whale activity and price action isn’t happening in isolation. It coincides with a wider market rally, Bitcoin soared to new all-time highs three days in a row, hitting $118,780 on Friday. Ethereum followed suit, rising over 17% in one week to approach $2,960.

Santiment analysts believe this wave of green could be the start of a new altcoin season, where investors begin shifting profits from Bitcoin into smaller-cap tokens like XRP. “The data confirms that, for now, it has,” the platform noted, adding that momentum is likely to continue as long as Bitcoin stays above $110,000, a key psychological support level.

The rally also follows key developments on both the legal and technical sides for Ripple, the company behind XRP. Just last month, Ripple CEO Brad Garlinghouse shared that the company has decided to drop its cross-appeal against the U.S. Securities and Exchange Commission (SEC),  and it looks like the SEC will likely do the same

This move comes after Judge Analisa Torres turned down a joint request to lower Ripple’s $125 million penalty and reaffirmed that Ripple’s institutional sales of XRP were securities. Still, the move toward closure brings more clarity for XRP’s future.

On the technical front, Ripple’s development arm RippleX released version 2.5.0 of the XRP Ledger, bringing major upgrades. Engineer Mayukha Vadari called it “possibly the best single lineup of amendments” to date, highlighting features like multi-purpose tokens, stablecoin support, and enhanced escrow capabilities.

User interest has spiked alongside these updates, daily active addresses on the XRP Ledger skyrocketed from around 35,000 to over 295,000, showing strong community engagement.

The Road Ahead for XRP

With whale wallets at a record high, price momentum building, legal clouds clearing, and major tech upgrades in play, XRP is entering a new chapter. Whether this momentum sustains will depend on broader market conditions and continued investor confidence,  but for now, XRP is firmly in the spotlight.

The post XRP Whale Wallets Hit Record High as Price Jumps 26% in One Week appeared first on Coinfomania.

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