What to Know:
- XRP surge pushed the token above $1.50 after a sharp 6.7% daily gain.
- Whale wallets now control 68.48% of XRP’s total supply, the highest level since 2018.
- South Korean exchanges and Coinbase buying activity fueled rising market momentum.
XRP and its surge have stunned the crypto market again. The token climbed past the $1.50 mark after gaining 6.7% in just 24 hours. Over the last seven days, XRP added another 8.8%, more or less. This move put XRP ahead of every other major cryptocurrency in the top 10.
Bitcoin, Ethereum, BNB, and Solana showed smaller gains during the same period, honestly. XRP, however, broke away from the pack, like it was doing its own thing. CoinGecko data now ranks it among the best-performing assets in the top 100, currently.
The rally didn’t just show up out of nowhere. Big players have been scooping up shares pretty aggressively for weeks. From the market data, it looks like the whales were tracking this breakout ahead of time, before retail traders even reacted.
Also Read: XRP Price Prediction: Will XRP Hit $1.50 in May Amid CLARITY Act Buzz?
XRP Surge Driven by Whale Accumulation
According to Santiment Intelligence, wallets holding at least 10 million XRP sharply increased their positions. These wallets now control a combined 45.83 billion XRP. That equals 68.48% of the token’s total supply.
This is the highest level of concentration among the biggest holders since May 2018. Major investors aren’t abandoning the market; instead, they look more like they’re adding to it, making their positions larger and more firm
Another important metric also flashed bullish cues. Wallets that hold at least 10,000 XRP recently hit an all-time high, 332,230. Even in stretches of uncertainty, mid-sized holders kept on accumulating. This steady buy pressure formed the base for the current breakout.
XRP Surge Fueled by Coinbase and Asian Demand
A major purchase on Coinbase may have triggered the latest breakout. Roughly $1 million worth of XRP was bought moments before the token pushed higher. The timing caught the attention of traders across the market.
At the same time, South Korean exchanges added strong support. Upbit and Bithumb recorded massive XRP trading activity. In fact, XRP trading volume on both exchanges moved above the combined volume of Bitcoin and Ethereum.
Historically, this pattern points to rising retail risk appetite in South Korea. XRP has long remained popular among the country’s aggressive traders.
Short-term forecasts also remain optimistic. XRP is expected to touch $1.49, marking another 1.28% increase from current levels. If momentum holds, the XRP surge could continue dominating the crypto market through the coming week.
Also Read: Advantages of XRP: 4 Billion Transactions in 5 Seconds
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