- XRP trades at $2.92, gaining 3.16% with support from a rising regression channel and bullish technical indicators.
- Whale wallets holding over 1M XRP reached 2,743, the highest on record, controlling more than 47.32 billion tokens.
- RSI at 83.07 and MACD divergence confirm strong momentum, with the next price test approaching the $3.00 mark.
During today’s Asian trading session, XRP, Ripple’s native token, opened the market with a trading price of $2.8522. Lately, the cryptocurrency has noted a uniform uptrend that has confirmed a price surge of 3% in the last 24 hours. As the assets increase in price, so does the community. Confirmed via an X post by Paul Barron, over 2,700 wallets now hold at least 1 million $XRP each, controlling more than 47 billion tokens.
XRP Whale Wallets Reach All-Time High
A detailed report by Santiment indicates a sharp increase in large wallet activity, with whales steadily accumulating XRP. As of the latest data, 2,743 wallets now hold at least 1 million XRP, the highest number ever recorded. This figure surpassed the previous record within the last 24 hours.
Source: Santiment (X)
Alongside the wallet count, the total volume held by large investors has also risen. These wallets now control 47.32 billion XRP, reflecting strong accumulation. The growth in both wallet number and total holdings started in early July and continued through the latest trading sessions.
The wallet count, shown in red on the chart, and the total coin balance, shown in blue, have moved upward together. Both lines began climbing as the token’s price recovered from recent lows. The synchronized rise indicates that large investors have been adding to their positions during the price recovery.
Also Read: Almost 100 XRP wallets looted at Ripple service provider
XRP Price Holds $2.92 as Technical Analysis Confirms Ongoing Uptrend
According to TradingView data, XRP currently trades at $2.92, noting a 3.16% daily gain. The analysis indicates that XRP price moved within a defined ascending regression channel, which developed following a rebound from $0.86. The Relative Strength Index rose sharply to 83.07, up from a previous reading of 63.78. This movement places the indicator above the 70 threshold.
Source: TradingView (XRP/USD Chart)
Historically, this level reflects strong momentum and overbought conditions in short timeframes. The MACD line reached 0.15614 while the signal line stood at 0.08175. This separation formed a histogram value of 0.07439. The divergence between both lines reflects increasing momentum behind XRP’s current price action.
The MACD structure has widened consistently during this move. The token continues to hold within the rising channel, with support forming around the $2.90 level. If current conditions remain, the next test could appear near the $3.00 psychological barrier. The indicators align with continued upward pressure, supported by recent price and volume behavior across sessions.
Also Read: XRP Breaks Barriers: Could $35 Be the Next Explosive Move?
Disclaimer: This article is based on real-time market data and general technical observations. It does not constitute financial advice. Always conduct your own research before making investment decisions.