XRP Millionaires Absorb $724M in Five-Day Buying Spree
Large XRP holders have been accumulating tokens over the past five days, bringing in more than 470 million XRP by September 24. According to analytics platform Santiment, this influx of capital increased the combined holdings of millionaire wallets from 12.37 billion to 12.80 billion XRP.
The total value absorbed on the spot market during this period was $724 million, with orders concentrated near a key technical barrier at $1.60.
This buying activity has effectively completed an inverse head-and-shoulders pattern on the daily timeframe, and the chart's measured move played out immediately: XRP staged a 27.6% rally, rising from a low of $1.25 to a local peak of $1.58.
The asset is now just a few cents away from a historic turning point, gathering strength before moving into uncharted price territory.