XRP has reached a remarkable milestone as XRP Millionaires or investors pour billions into the cryptocurrency. The digital asset recently touched $2.89, securing its position as the third-largest cryptocurrency by market value. This surge represents the highest price point for XRP since December 2024.

Key-takeaways:

• In two months, XRP wallets owning 1–10 million tokens have moved into the position of 37 percent higher, accumulating $3.8 billion worth of XRP.
• In 24 hours, the digital asset hit $2.89, leaving it as the third largest cryptocurrency by market cap with 341 million dollar transactions.
• Market feeling is bolstered by the speculation on the potential of the XRP ETF while the wealthy investors continue with their strategic accumulation.

XRP Millionaires on a Rise with the Buying Spree

This impressive rally’s backside is the strategic accumulation by XRP millionaires. They’ve ramped up their holdings to hugely disproportionate levels in the last two months. According to data from Santiment, the amounts of XRP held by wallets from 1 to 10 million XRP have increased their positions by 37%.

Activity levels on the network have been extraordinary as more people put their faith in it. In only 24 hours, the XRP network facilitated 341 large-value transactions, each over $1 million. There is a strong institutional interest in the digital asset, which is observed from this surge of large transactions.

XRP trades currently at $2.83 and remains within a tight range of $2.55 to $2.89. In such an arduous market, the token has tallied a notable 9.14% increase over the past trading period.

Wealthy Investors Lead the Charge

That latest buying spree isn’t random—it’s part of careful planning by wealthy XRP holders. Crypto-speak has nicknamed these investors as ‘whales’ and amassed some $3.8 billion worth of XRP. XRP’s strong long term potential is their signal.

And positive buzz has given rise to conversations about an XRP exchange-traded fund (ETF). The progress further encourages financial investment with regulated exposure to the digital asset. But overall, there has been so much bullish sentiment for XRP that it could enable the creation of an ETF.

Impact on XRP’s Market Position

The solid position of XRP in the highly competitive cryptocurrency world resulted from this massive accumulation. Prices have risen due to increased buying pressure by wealthy investors, but the added market confidence has also been a result. The rise of XRP adoption in these areas indicates mainstream acceptance of XRP as a valuable digital asset working towards adoption by organizations.

Conclusion: XRP Millionaires Buying Spree

XRP, with huge network activity and having major players accumulating strategically, looks very secure for continued growth. Strong chain metrics combined with institutional interest make a solid foundation for XRP being in the market.

Finally, the performance of XRP and strategic moves of wealthy investors as the cryptocurrency market grows must be paid attention to. Perhaps the extensive accumulation wave is the beginning of a new book in XRP’s path in the area of ​​the digital dollars.