XRP Breakout Spurred by Whales' $190M Coin Dump
XRP has broken out of its two-week consolidation phase and is showing renewed momentum. According to data, large-wallet accumulation and robust network activity are contributing to this surge. Analyst Xaif Crypto noted that XRP has exited its recent sideways trading phase, setting up a potential increase of 6.8% from its current price levels.
The digital asset currently trades at $1.23, having climbed 22.4% over the past week, according to CoinCodex. A standout development is the surge in holdings across XRP wallets classified as 'whales' - addresses with balances between 1 million and 10 million XRP.
Analyst MRCAULIMANN noted that this group collectively added approximately 190 million XRP in a single day, indicating a possible shift in sentiment among large stakeholders. The addition of 190 million XRP does not mean one single entity acquired all those coins, but rather the combined increase among several large holders aligns with XRP's improved price action and overall market momentum.