Recent on-chain data from CryptoQuant shows a major rise in activity from XRP whale addresses. The metric, which tracks wallets that moved large amounts of XRP within the past 24 hours, has climbed rapidly since late 2023. This is the highest level recorded since 2015.

The price of XRP remains more or less steady in this period, notwithstanding the spike in whale transactions. Similar patterns in the past, where accumulation increased during a sideways price movement, have often been followed by powerful upward moves. Mikybull Crypto commented:

Recent on-chain data from CryptoQuant shows a major rise in activity from XRP whale addresses. The metric, which tracks wallets that moved large amounts of XRP within the past 24 hours, has climbed rapidly since late 2023. This is the highest level recorded since 2015.

The price of XRP remains more or less steady in this period, notwithstanding the spike in whale transactions. Similar patterns in the past, where accumulation increased during a sideways price movement, have often been followed by powerful upward moves. Mikybull Crypto commented: