XRP News: Whales Drive 17% Surge Amid Massive Accumulation

XRP has recently experienced a significant price surge, jumping 17% as on-chain data reveals substantial accumulation by large holders, commonly referred to as 'whales.' This bullish momentum has positioned XRP as a standout performer in the cryptocurrency market, which is currently undergoing a broader recovery phase.

XRP Jumps 17% As Whales Show ‘Enormous’ Accumulation Spree

XRP has seen fresh bullish momentum recently as on-chain data shows the whales have been participating in some rapid accumulation. The cryptocurrency market as a whole has observed a bit of a recovery wave in the past day, but among the top coins, one asset in particular has stood out: XRP. The asset has witnessed an increase of around 7% during the last 24 hours, which has taken its price to $2.75. At the peak of this rally, XRP even briefly surpassed the $2.89 mark, but it has since seen a drop to the current level. Nonetheless, the asset is still up more than 17% in the past week, which makes it the best performer among the top 30 cryptocurrencies by market cap.

XRP Whale Activity Heats Up – Transactions Over $1 Million Grow On The Network

XRP has shown impressive resilience and strength compared to the broader crypto market, surging over 23% since Monday’s market shakeout. This recovery has positioned XRP for a potential move into price discovery, renewing Optimism among investors. Top analyst Ali Martinez highlighted a notable rise in high-value transactions on the XRP network, with 341 transactions exceeding $1 million in the past 24 hours, indicating increased activity among institutional players and large holders.

Ripple (XRP) Surges to $3.2 With $10 Price Target in Sight This Cycle

Ripple’s cross-border token, XRP, has surged to $3.2 for the first time in over seven years, marking a significant milestone. Analysts are highly bullish, predicting a potential rise to $10 per token during the current cycle. Starting the year at $2.1, XRP has experienced a remarkable run, with a nearly 40% surge in just 72 hours, reaching $3.2 earlier this morning. Despite a slight retracement to under $3.1, XRP remains 9% up on the day and over 30% higher than its price at the beginning of the year.

Grok Predicts 3 Cryptocurrency Coins Best Suited for Cross-Border Transactions

The cryptocurrency market is rife with novel use cases, supporting multiple domains and sectors. Grok AI has identified three coins that are best suited for cross-border transactions, a key area of interest for investors. These coins are expected to perform well in the long run, making them worth considering for investment.