XRP Whale Holdings Soar by 430 Million as $1.60 Price Target Looms

XRP's large-wallet balances have increased by approximately 430 million tokens over five days ending September 24, as the cryptocurrency approached the $1.60 technical level.

This rise in holdings is valued at about $724 million based on the prices used in the analysis.

The $1.60 price area has emerged as an important technical price level in the latest analysis, and a sustained move above it could support a potential advance toward $2.00.

However, wallet data alone cannot determine whether the additional XRP was acquired through market purchases or transfers between wallets.