XRP Surges Amid Whale Accumulation and ETF Inflows
- XRP price increased by nearly 5% in the last 24 hours, currently trading at $1.40.
- Whale accumulation reached a ten-month high, with over 10 million XRP being accumulated daily.
- Spot XRP ETFs recorded $17.11 million in net inflows, marking the highest single-day figure in two months.
- Cumulative ETF inflows for XRP have reached $1.25 billion, with total assets under management exceeding $1 billion.
- Analyst predictions indicate potential for XRP to rally towards $8.50 amid current market conditions.
The recent surge in XRP’s price and whale accumulation is significant as it indicates strong buying pressure from long-term holders and institutional interest through ETFs.
With whale accumulations at a ten-month high and ETF inflows hitting a two-month peak, XRP appears poised for further upward movement, reinforcing bullish sentiment in the market.
