$XRP Rises 10% Amid Whale Accumulation and Increased Network Activity

In the past 24 hours, XRP has experienced a significant increase of 10%, driven by increasing network activity and notable accumulation by whales. On-chain data highlights two key metrics contributing to this upward trend: Supply distribution and Active addresses. The accumulation of whales strengthens the market position of XRP According to Santiment, a leading blockchain analytics company, the Supply Distribution metric—which tracks the holdings of various groups of investors—has seen a significant shift in the whale category. Whale investors, defined as those holding at least 1 million XRP, have been continuously accumulating the asset despite market fluctuations. In the past two months, these large investors have added 2.82 billion XRP to their holdings. This represents a 6.5% increase in their total supply, bringing their total ownership to 46.4 billion XRP. This continuous accumulation signals confidence in the long-term potential of XRP, as whales often influence market trends through large transactions. Address hoạt động tăng đột biến, cho thấy sự quan tâm ngày càng tăng The second key factor behind the price increase of XRP is the strong rise in Active Addresses. This metric measures the number of unique addresses participating in daily transactions on the XRP Ledger. March saw an unprecedented sixfold increase in Active Addresses, reflecting the growing interest in the asset. Increased trading activity suggests that both retail and institutional investors are becoming more actively involved in XRP, potentially driving even more adoption. Market prospects for XRP The combination of whale accumulation and increased network participation indicates a strong market sentiment surrounding XRP. If this trend continues, it could lead to sustainable price growth and increased liquidity. However, investors should exercise caution, as market conditions may change based on broader economic factors and legal developments. Currently, the latest price increase of XRP demonstrates the impact of whale behavior and on-chain activity on price volatility, reinforcing its position as one of the most monitored cryptocurrencies in the market.