 
 
XRP bulls seem to be wide awake and active, as the last week has seen the altcoin outperform in more ways than one. Notably, XRP has retested a previous high and appears to be well on its way to retesting its all-time high of $3.84.
According to data from Santiment, XRP’s market value has skyrocketed to levels last seen in May. The move suggests an increase in demand, further evidenced by the asset’s recent performance.
Santiment’s analysis highlights the key role of XRP whales holding at least 1 million XRP, currently valued at a whopping $2,458,300 at the time.
As the data reads;
“XRP’s market value has hit a 7-week high, crossing above $2.39 for the first time since May 23rd. What to watch for are the rising number & collective balances of whales holding at least 1M $XRP.”
 
Remarkably, whales appear to be fully committed to playing the long game, as large whales holding at least 1 million XRP nears the 3,000 mark. These whales are showing a long-term commitment to XRP with collective holdings surpassing $155 billion.
As Santiment puts it;
“There are currently 2,742 wallets holding at least 1M XRP, one off from yesterday’s all-time high of 2,743. Additionally, these 1M+ wallets collectively hold 47.32B XRP, as they continue to show confidence in the 4 market cap’s future.”
XRP’s weekly performance remains remarkable, with 7-day gains going up to 12.97%, resulting in a press time price of $2.8. XRP is, at this time, the second-highest weekly gainer behind Ether, although both altcoins have outperformed Bitcoin this week. While slow, the asset has continued in an upward trajectory since mid-June, with gains secured over the last 30 days going up to 6.48%.
Source: https://zycrypto.com/ripples-xrp-breakout-2742-xrp-whales-control-155-billion-as-all-time-high-looms/