Crypto
Whales Fuel XRP Price Surge Amid 632-Day Closing Streak
XRP's price remains above $1 after whales accumulated 380 million tokens, marking a significant milestone in the token's history. This accumulation comes as XRP has closed above $1 for an unprecedented 632 consecutive days.
The data from CoinGlass shows a liquidity cluster around $1.06-$1.07, which could pressure short positions if the price moves higher. This is a key area of focus for traders, with some predicting that a squeeze into this zone could push prices even higher.
The XRP Ledger has also seen significant growth in its stablecoin market capitalization, rising more than 12% in 24 hours to approach $1 billion. This increase in liquidity is a positive sign for the network and its users.