XRP Whale Wallets Surpass 2,700 Amid Record Network Activity

The XRP Ledger (XRPL) is experiencing a significant resurgence, marked by a surge in daily active addresses to over 295,000, nearly an eightfold increase from the previous three-month average. For the first time in XRP's 12-year history, there are more than 2,700 whale wallets holding at least 1 million XRP each, signaling growing confidence among institutional and high-net-worth investors. This growing interest is accompanied by a steady rise in the total value locked (TVL) on XRPL, nearing $60 million, and expanding stablecoin ecosystems within the network. Crypto analyst Crypto Beast predicts a potential price breakout for XRP, targeting $8, supported by improved regulatory clarity as the SEC does not consider XRP a security, and anticipation around an XRP spot ETF proposal under SEC review. Strategic moves to integrate XRP with other blockchain ecosystems, like Cardano, and Canada's upcoming XRP ETF further underline increasing mainstream adoption. Despite the price trading around $2.22 to $2.33 recently, these on-chain developments and bullish forecasts suggest strong momentum building for XRP in the crypto market.