The number of crypto wallets with at least 1 million XRP tokens has reached an all -time high level with a 26% increase in the price of XRP in the last week.
Onchen Analytics Platform Santment said in a report on Friday, “Not only the XRP whales are more than ever, but the total supply is also increasing,”
47.32 billion XRP tokens are now conducted by Whale
“XRP is also showing signs of strength,” the Santime said. “This dual trend is a very positive sign for the fourth largest crypto property,” he said.
Sentiments data suggests that 47.32 billion XRP tokens are conducted by Crypto Wallet with at least 1 million tokens.
According to coinmarketcap data, XRP has increased by 26% in the last seven days, trading at $ 2.80 at the time of publication.
In the last 24 hours, it has increased 10%. Meanwhile, coinglass data shows the Serge of $ 31.44 million in XRP short posts.
Last month, on June 18, traders were divided in the front direction of the XRP as the cryptocurrency was integrated for about 200 days for about 200 days within the range of $ 1.90 to $ 2.90.
Santiments say
However, XRP’s recent rally is part of a broad market breakout, which saw Bitcoin (BTC) on Wednesday reaching $ 112,000 consecutive all-time high and Thursday to reach $ 116,500.
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Ether (Eth) also increased, 17.51%in a week, traded at $ 2,958 at the time of publication.
The Santime said that the metrics indicate that the Altcoin season has begun. “The data confirms, for now, it is,” the Santiman said.
He said, “As long as bitcoin can maintain its position above a significant psychological support level of approximately $ 110K, traders will probably feel comfortable to recur the profit in altcoins,” he said.
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