XRP’s latest rally appears backed by growing whale accumulation. According to Santiment, large holders holding between 100,000 and 100 million XRP increased their positions by 2.8% over five weeks, while small wallets holding less than 0.01 XRP reduced their balances by 5.2%. The token climbed more than 3% over the past week, reclaiming the $1.16 level. XRP spot ETFs recorded net inflows of $5.09 million on July 21, following $2.27 million on July 20 and $6.10 million on July 16. Additionally, validators on the XRP Ledger are expected to vote in the coming weeks on a major upgrade package introducing batch transactions and confidential transfers.
Source: Read the original article
