#xrp
XRP Tops $1.60 as 1,917 Whale Transactions Hit Monthly High
XRP Crosses $1.60 as Large Transfers Surge
$XRP traders saw the token move above $1.60 on Sept. 22 while transfers of at least $100,000 reached their highest count in roughly a month. Blockchain analytics firm Santiment reported 1,917 large xrp transactions alongside the price move, putting a number on activity among large holders as the market broke a level last seen on Feb. 4.
Santiment also counted 3,647 new $XRP wallets during the surge, a measure of new addresses rather than a verified count of new people entering the market. The simultaneous rise in price, large transfers, and wallet creation shows more activity across the network. It does not establish how many of those transfers represented purchases, sales, or movement between wallets controlled by the same entity.
The move extended an advance already underway the previous day. xrp climbed 8.7% to about $1.54 on Sept. 21, when trader Peter Brandt shared a chart suggesting a longer-term rise to $5.40. That earlier xrp price increase preceded the break above $1.60; Brandt’s projection remains his interpretation of a chart, rather than a price reached in trading.
Santiment’s chart highlights 1,917 xrp transactions worth more than $100,000 and 3,647 new wallets as xrp rose above $1.60. Source: Santiment.
New Wallets Add to Signs of Market Activity
Wallet creation gives the rally a second measure beyond the size of individual transfers. A new address can be opened for many reasons, including a fresh user, an exchange operation, or a holder separating funds. Santiment’s tally therefore indicates network growth on its measure, while leaving the identities and motives behind those addresses unresolved.
Trading on South Korean exchange Upbit had also been unusually active before the breakout. xrp generated about $350 million of trading volume there on Sept. 21, exceeding bitcoin’s roughly $225.8 million on the exchange. #Write2Earn $XRP
XRP Tops $1.60 as 1,917 Whale Transactions Hit Monthly High
XRP Crosses $1.60 as Large Transfers Surge
$XRP traders saw the token move above $1.60 on Sept. 22 while transfers of at least $100,000 reached their highest count in roughly a month. Blockchain analytics firm Santiment reported 1,917 large xrp transactions alongside the price move, putting a number on activity among large holders as the market broke a level last seen on Feb. 4.
Santiment also counted 3,647 new $XRP wallets during the surge, a measure of new addresses rather than a verified count of new people entering the market. The simultaneous rise in price, large transfers, and wallet creation shows more activity across the network. It does not establish how many of those transfers represented purchases, sales, or movement between wallets controlled by the same entity.
The move extended an advance already underway the previous day. xrp climbed 8.7% to about $1.54 on Sept. 21, when trader Peter Brandt shared a chart suggesting a longer-term rise to $5.40. That earlier xrp price increase preceded the break above $1.60; Brandt’s projection remains his interpretation of a chart, rather than a price reached in trading.
Santiment’s chart highlights 1,917 xrp transactions worth more than $100,000 and 3,647 new wallets as xrp rose above $1.60. Source: Santiment.
New Wallets Add to Signs of Market Activity
Wallet creation gives the rally a second measure beyond the size of individual transfers. A new address can be opened for many reasons, including a fresh user, an exchange operation, or a holder separating funds. Santiment’s tally therefore indicates network growth on its measure, while leaving the identities and motives behind those addresses unresolved.
Trading on South Korean exchange Upbit had also been unusually active before the breakout. xrp generated about $350 million of trading volume there on Sept. 21, exceeding bitcoin’s roughly $225.8 million on the exchange. #Write2Earn $XRP
