XRP Whales Fuel 30% Price Surge Amid Broader Crypto Uptrend

The XRP price has surged by 30% in just over 24 hours, pushing it to $1.30 for the first time since June 1.

This marks a significant rebound from its recent dip below $1.00, which occurred for the first time in nearly two years.

XRP whales have been actively accumulating tokens, scooping up over 300 million XRP since the start of the current business week, according to data from Santiment Intelligence.

This accumulation spree has had a twofold effect: reducing immediate selling pressure and serving as an example for smaller investors.