XRP Whales Fuel Massive Price Surge to $1.30

XRP has seen a significant surge in price over the past day or so, rising by 30% to reach $1.30 for the first time since June 1.

This comes after the asset fell below $1.00 just last week for the first time in nearly two years, but has since rebounded impressively.

One factor contributing to this surge is the behavior of XRP whales, who have continued their accumulation spree by acquiring over 300 million tokens since the start of the current business week.

This massive buying activity reduces immediate selling pressure and can also act as an example for smaller investors who tend to follow whales.