XRP Price Breaks $1.60 Barrier Amidst Whale Transactions and New Buyers

XRP price has broken through the $1.60 barrier for the first time since February 4, amidst significant activity from major holders and new buyers.

The breakout coincided with a surge in high-value transactions, with 1,917 whale transactions worth over $100,000 each occurring within roughly a month.

While these transactions alone do not confirm accumulation, they indicate that large-scale investors are actively repositioning as the price climbs.

The fresh participation in the market is also noteworthy, with 3,647 new XRP wallets created, adding new buyers to the rally rather than relying solely on existing traders.