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Crypto

XRP Whales Load Up Before 67% Price Jump

Guavy AI Editorial Team
Instruments
XRP
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The XRP token saw a significant price surge of 67% between August 17 and August 21. According to on-chain analytics firm Santiment, this rally was preceded by the appearance of 85 new wallets holding at least $1 million in XRP. These whale accumulations are considered an indicator of elevated on-chain demand and may signal continued bullish token performance.

The sudden increase in large-XRP-holding wallets just two days before the price jump suggests that these investors were anticipating a rise in the token's value. This behavior is often seen as a bullish sign, indicating that market participants are confident in XRP's future prospects.

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