XRP Whale Wallets Hit Record Highs Amid Rally

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XRP whales are accumulating at record levels, increasing the chances of XRP price rise toward $2, fueled by growing XRPL activity and a bullish technical setup.

XRP (XRP) has recovered from its April lows of $1.26, rising as much as 19% to a three-week high of $1.50 on Sunday.

Whale activity, network growth and a strengthening technical setup suggested that the XRP/USD pair was primed for a move higher once resistance at $1.50 is broken. 

XRP whale addresses hit record highs of 332,230, indicating accumulation.

XRP Ledger monthly transactions hit an all-time high of 71 million in April.

Price must break above the $1.50 resistance to continue its upside toward $2.

XRP whales show growing conviction

XRP whales remain confident about the prospects of a breakout, using the recent consolidation range to accumulate more tokens. 

Santiment's whale count metric indicates that the number of wallets holding at least 10,000 XRP has reached an all-time high of about 332,230.


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