XRP Sees Surge in High-Value Transactions Amid Price Rally
XRP saw a significant surge in high-value transactions on September 22, reaching a one-month high of 1,917 transactions worth at least $100,000. This marks a notable increase in large transfers, but it's unclear whether these activities involve purchases, sales, or exchange movements.
On the same day, XRP traded between $1.49 and $1.61 before closing at $1.57. The token reached an intraday high of $1.66 on September 23, only to close that session at $1.50.
The creation of new wallets is also worth noting - a total of 3,647 new XRP wallets were created on the same day as the increased transaction activity. However, it's essential to remember that these new addresses do not necessarily represent new investors or individuals.
In related news, U.S. spot XRP exchange-traded funds (ETFs) saw $20.02 million in net inflows on September 22. Bitwise's XRP ETF received $19.16 million, while Franklin Templeton's XRP ETF (XRPZ) recorded about $0.86 million.