{"id":8235,"date":"2025-01-17T13:02:06","date_gmt":"2025-01-17T13:02:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8235"},"modified":"2025-01-17T13:02:06","modified_gmt":"2025-01-17T13:02:06","slug":"xrps-7-year-high-came-amid-record-spike-in-high-value-transactions-and-holder-growth","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8235","title":{"rendered":"XRP\u2019s 7-Year High Came Amid Record Spike in High-Value Transactions and Holder Growth"},"content":{"rendered":"
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Amid the overall resurgance of the broader cryptocurrency market, Ripple\u2019s native cross-border token stole the show in the past few days and flew past $3 and even up to $3.4 to match its 2018 all-time high.<\/p>\n

Although the asset failed to go into uncharted territory on most exchanges, the network usage and whale activity continue to rise, suggesting that it could still mark new peaks during the ongoing cycle.<\/p>\n

Network, Holder Growth for XRP<\/h2>\n

CryptoPotato<\/em> reported<\/a> yesterday the culmination (so far) of XRP\u2019s price ascent that resulted in breaking above $3 for the first time since January 2018 and reaching $3.4 on most exchanges, which, according to them and CoinGecko, is the ATH tapped seven years ago.<\/p>\n

Santiment\u2019s data shows a similar daily peak of $3.39, which means that XRP was less than 1% away<\/a> from going into uncharted territory. Some of the most probable reasons behind this rally include the market revival, the optimistic regulatory views<\/a> for the upcoming Trump administration, whale accumulation<\/a>, and others.<\/p>\n

The aforementioned crypto analytics platform also indicated that the rise in XRP\u2019s price came alongside substantial growth of large token transactions worth more than $100,000. Within an 8-hour span alone, such XRP transactions reached 2,365, which is the highest level since December 3, the company clarified.<\/p>\n

It added that the overall non-empty XRP wallets have grown by more than 500,000 in the past two months. Both of these factors should be added to the growing list of positive developments around Ripple and its native crypto asset.<\/p>\n

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XRP has just reached a new 7-year high, crossing a $3.39 market value for the first time since January, 2018. With this rise, we have just seen 2,365 $100K+ XRP transactions in the latest 8-hour span, the highest spike since December 34rd. Total holders are also skyrocketing. pic.twitter.com\/gtaRp0NPn9<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) January 16, 2025<\/a><\/p>\n<\/blockquote>\n