XRP Soars Past $1.60 as Whale Transactions and Wallet Creation Reach Monthly High

XRP's price surged above $1.60 for the first time since February 4 as large transactions reached their highest count in roughly a month.

Santiment reported that 1,917 XRP transactions worth at least $100,000 took place during this period, with the activity indicating heightened interest in the token.

The rise in price and large transfers was accompanied by an increase in wallet creation, with Santiment counting 3,647 new wallets. However, it's unclear whether these transactions represent purchases, sales, or movement between wallets controlled by the same entity.