XRP Skyrockets 30% as Whales Continue Massive Accumulation

Ripple's XRP token has experienced a significant price surge over the past day, increasing by 30% and reaching $1.30 for the first time since June 1.

This comes after the asset dipped below $1.00 just last week for the first time in nearly two years.

XRP whales have been actively accumulating tokens, with some scooping up 72 million tokens in a single day as the asset fought to stay above $1.00.

These large market participants continued their accumulation spree by acquiring over 300 million tokens since the start of the current business week, bringing their total holdings from around 16.05 billion on August 16 to approximately 16.36 billion today.