XRP Hits $2.69 as Accumulation from Large Wallets Reaches New Heights

• XRP price hits $2.69, its highest since December 2024.
• Large wallets accumulate $3.8B XRP, increasing holdings by 37%.
• High-value wallets drive market activity and price growth.

XRP investors witnessed a significant milestone as the cryptocurrency reached $2.69 today, a price not seen since December 17, 2024. This marks a notable achievement for XRP, currently ranked as the third-largest cryptocurrency by market capitalization.

The rally is closely tied to substantial accumulation activity from large wallets holding between 1 million and 10 million XRP tokens.

Santiment data indicates that, wallets holding between 1 million and 10 million XRP have been acquiring tokens at an accelerated pace. Since November 12, 2024, these wallets have added 37% more XRP to their holdings, amounting to an estimated $3.8 billion worth of tokens. This accumulation reflects a significant increase in activity among high-value holders, contributing to the rising price of XRP.

The data reveals that these wallets now control a much larger portion of XRP’s total supply. This shift indicates growing confidence among large holders in the asset’s potential. The accumulation trend aligns with XRP’s price surge, reinforcing the connection between market activity and investor behavior.

Today’s price of $2.69 represents the highest value for XRP in over a month. This follows a period of sustained accumulation and increasing demand among key market participants. The asset’s market cap has grown significantly, further solidifying its position among the top three cryptocurrencies globally.

This price movement reflects heightened market activity since mid-November, particularly among wallets with significant holdings. The increasing demand has propelled XRP’s price upward, signaling strong market dynamics.

The recent accumulation by large wallets underscores XRP’s strong market activity and growing investor interest. High-value wallets have been instrumental in driving the asset’s price to its current levels. The accumulation trend suggests that these wallets are positioning themselves for potential market developments.

With over $3.8 billion in XRP added by major holders since November, today’s price achievement highlights the impact of strategic accumulation. XRP remains a key player in the cryptocurrency market, supported by robust activity among large-scale investors.