XRP Surges Past $1.60 Amid Whale Activity and Network Expansion

XRP has broken past the $1.60 threshold for the first time since February, reaching approximately $1.64 in price.

The surge was accompanied by significant whale activity, with 1,917 large-holder transactions exceeding $100,000 each, marking a substantial increase from previous weeks.

Binance saw a 663% surge in XRP deposits compared to its quarterly benchmark, but the exchange's overall holdings remained relatively stable at around 2.63 billion tokens.

Cryptocurrency analyst Ali Martinez noted that a confirmed push above $1.60 may validate an inverse head-and-shoulders formation with a potential target near $2.