Rally

Ignite

Frenzy

<ul class="wp-block-list">
  
 <li>XRP surges to $2.49 as whale accumulation and wallet growth fuel the rally, with 679M tokens added in three weeks.</li>   
 <li>Retail investors join the XRP frenzy, with 119K new wallets created since November, boosting market confidence.</li>   
 <li>XRP's price reaches $5.52, driven by strong whale activity and increasing adoption, signaling bullish market sentiment.</li> 
</ul>   
<p>XRP's price reached <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noreferrer noopener">$2.49</a> becoming the highest level since January 2018. Crypto market intelligent platform Santiment reveals on <a href="https://x.com/santimentfeed/status/1863481287559819656" target="_blank" rel="noreferrer noopener">X post</a> accumulation by wallets holding between 1 million and 10 million XRP, with 679.1 million tokens added in just three weeks. This accumulation, which is now worth $1.66 billion, happened at the same time that the price of XRP rose. Furthermore, for the first time in the coin's eight-year history, there are more than 5.5 million non-empty XRP wallets.</p>   
<h2 class="wp-block-heading" id="h-whale-accumulation-fuels-rally">Whale Accumulation Fuels Rally</h2>   
<p>Notably, Early in November, while it was trading at about $2.30, the price of XRP began to climb. <a href="https://cryptonewsland.com/technical-indicator-signals-ripples-xrp-comeback-with-whale-activity-hinting-at-a-22x-rally-for-rival/" target="_blank" rel="noreferrer noopener sponsored nofollow">Larger holders have since aggressively accumulated XRP</a>, a sign of a bull market. These wallets, often linked to whales and smaller retail investors, have historically influenced price movements. By December 2, 2024, XRP's value reached an astounding $5.52, supported by substantial wallet activity.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfN7WIcDLJV_D01Hs_Op16vfcQoZJjY7y9bHfUdViGGqQBwfPK13xy6XYZjKhAvJF5--q25z2k_6aOTeJ2-q4DK8OL743qV3kpBD6CciLL428MjVPscU96sZUJtnJH6NqGd4mtjxQ?key=YHusmqSaYaSvTmVxTGs4OiYI" alt="">
</figure>   
<p>Source: <a href="https://x.com/santimentfeed/status/1863481287559819656" target="_blank" rel="noreferrer noopener">Santiment</a></p>   
<p>Besides accumulation, smaller investors also drove the wallet count increase. Between November 9 and December 2, 119,820 new wallets became active. This reflects growing interest from retail participants, contributing to the bullish momentum.</p>   
<h2 class="wp-block-heading" id="h-retail-investors-join-the-xrp-frenzy">Retail Investors Join the XRP Frenzy</h2>   
<p>Additionally, <a href="https://cryptonewsland.com/american-express-adopts-xrp-for-efficiency/" target="_blank" rel="noreferrer noopener sponsored nofollow">XRP’s adoption has expanded</a>, as seen in the increase of non-empty wallets. This surge in wallets highlights rising confidence in XRP’s future prospects. Moreover, the sharp rise in holdings suggests a market-wide shift toward the asset.</p>   
<p>However, the rapid accumulation and price increase suggest the market could be nearing a critical turning point. With increased participation from whales and retail investors, XRP’s trajectory may hinge on sustained demand. Consequently, XRP's performance over the past month stands out as one of its strongest in years. The ongoing accumulation and wallet growth show robust investor sentiment.</p> 
<p>The post <a href="https://cryptonewsland.com/xrp-skyrockets-to-2-49-as-whale-activity-and-wallet-growth-ignite-bullish-sentiment/">XRP Skyrockets to $2.49 as Whale Activity and Wallet Growth Ignite Bullish Sentiment</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Skyrockets to $2.49 as Whale Activity and Wallet Growth Ignite Bullish Sentiment

Table of Contents

Crypto News Land

Other articles published on Dec 3, 2024

XRP Dominates Upbit with $3.8 Billion In Trading Volume, Beats Bitcoin

Massive Altcoin Rally: Top Tokens to Watch After 600% Gains

Alex Mashinsky to plead guilty to two charges in plea deal

France proposing tax on unrealized Bitcoin gains

Nike-Owned NFT Project RTFKT to Shut Down Operations in Early 2025

DOGE Top Holder Snags 1.5M Coins for $400K, A Power Move Or Just The Start?

Join our free newsletter for daily crypto updates!