XRP’s price skyrocketed by 30% in roughly a day, reaching $1.30 for the first time since June 1, after slipping below the $1.00 mark last week for the first time in nearly two years. Whales accumulated over 300 million tokens since the beginning of the week, bringing their total holdings from approximately 16.05 billion to 16.36 billion tokens. These large acquisitions reduce immediate selling pressure and serve as a signal for smaller investors. Analysts are targeting ambitious price levels, with some forecasts reaching as high as $15, even though the token has already proven in the past its ability to make massive moves when broader sentiment appeared broken.
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