Whale accumulation boosts confidence: MAJOR investors have added 120 million XRP, worth about 288 million USD, during the recent dip. The withdrawal of 21.7 million XRP from exchanges, mainly into self-custody, underscores a positive outlook as supply on exchanges decreases by 10%.
Increased activity on XRP ledger: Active addresses on the XRP Ledger reached a 33-month HIGH of 108,771, marking a 440% increase. This rise in user engagement, coupled with a 190% spike in transactions, suggests a growing ecosystem that could drive XRP’s price above $5.
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