XRP Price Surges 18.19%, Whales Grab Over 300M Tokens

XRP's price has surged by 18.19% on Friday, pushing it to $1.29, a level untouched since early June.

This marks a significant breakout for the altcoin, which has been consolidating above the $1.10 resistance level.

According to Santiment's data, crypto whales have acquired over 300 million XRP tokens in the past four days, indicating a growing whale concentration and bullish sentiment among long-term holders.

The short squeeze on leveraged markets has flushed out extra leverage on the bearish side, shifting the broader sentiment from bearish to bullish.