XRP whale holdings have surged to an all-time high, with major investors accumulating 47.32 billion tokens across 2,743 large wallets. This milestone comes alongside a 26% weekly price rally for XRP, which currently trades near $2.80 amid a broader altcoin market upswing.
The token’s breakout follows an extended consolidation period of nearly 200 days, during which prices fluctuated between $1.90 and $2.90. Market analysts attribute renewed momentum to Bitcoin’s stability above $110,000 and parallel gains in major cryptocurrencies including Ether, which posted a 17.51% weekly increase.
While heightened whale activity signals robust investor confidence in XRP’s short-term prospects, experts caution that concentrated accumulation patterns may precede increased market volatility during the ongoing altcoin season.