XRP Breaks Above $1.60 as Whale Activity Surges

XRP surged above $1.60 on September 22nd, marking its highest price since February 4th. The token's market value rose to nearly $103.6 billion, with a 24-hour trading volume of around $7.3 billion.

The surge was accompanied by increased whale activity, with Santiment recording 1,917 transactions above $100,000, the highest level in roughly a month. This high-value transaction activity suggests significant repositioning among large wallets while XRP's price was rising.

Network growth also accelerated during the rally, with 3,647 new XRP wallets created on the XRP Ledger. Analyst Ali Martinez noted that this move appears to have completed the right shoulder of a daily inverse head-and-shoulders pattern, targeting around $2.