XRP whales are increasing to fresh maxima, because the price jumps by 10%

The number of cryptocurrency portfolios containing at least 1 million XRP tokens has reached the highest level, coinciding with a 26% augment in the price of XRP over the past week.

“Not only are there more XRP whales than ever, but also the total supply they maintain also grows”, Santiment Analytics Onchain Analytics he said In the Friday report, noting that the number of wallets containing over 1 million XRP tokens (XRP) increased to the fresh highest level of all time of 2743.

47.32 billion XRP tokens are now stored by whales

“XRP also shows signs of strength,” said Santiment. “This double trend is a very positive sign for the fourth largest cryptographic assets,” they added.

Santiment data shows that 47.32 billion XRP tokens are stored through cryptographic wallets containing at least 1 million tokens.

Santiment shows that 47.32 billion XRP tokens are kept by XRP whales. Source: Single

XRP has increased by 26% in the last seven days, trading $ 2.80 at the time of publication, According to For Coinmarketcap data.

Only in the last 24 hours has increased by 10%. Meanwhile, Couminggass data can be seen Surge wiped $ 31.44 million in miniature XRP positions.

XRP, data, whale — *XRP has increased by 10% in the last 24 hours, trading $ 2.80 at the time of publication. Source:* *Coinmarketcap*

Last month, on June 18, traders were divided into the next XRP, because the cryptocurrency consolidated for almost 200 days in the range from $ 1.90 to USD 2.90.

The Altcoin season has started, says Santiment

However, the recent XRP rally is part of a wider breakthrough of the market in which Bitcoin (BTC) reached another highest levels of USD 112,000 on Wednesday, $ 116,500 on Thursday and $ 118,280 USD on Friday.

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Ether (ETH) also increased by 17.51% per week, trading in USD 2,958 at the time of publication.

Santiment said the indicators indicate that the Altcoin season has begun. “The data confirm that for now,” said Santiment.

“As long as Bitcoin can maintain its position above the key level of psychological support about USD 110,000, traders will probably feel comfortable, editing profits from Altcoins,” they added.

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