XRP surged 13% in the last 24‑hour trading session, reclaiming the $1.28 price level that had remained untouched for roughly two weeks.
Price Surge Details
The digital asset broke out of a narrow corridor that had confined it between $1.10 and $1.20 for several weeks, yet it still faces resistance near the $1.50‑$1.55 range. This breakout aligns with a broader upturn in crypto prices, suggesting that momentum may carry XRP past its previous ceiling. Investors are closely watching whether the coin can sustain the newly regained $1.28 threshold.
Investor Activity and Blockchain Metrics
Wallets holding at least one million XRP tokens now control about 74.1% of the circulating supply, indicating strong concentration among large holders. Over the past six months these major addresses accumulated an estimated 1.53 billion XRP, a sign that institutional‑level participants remain confident in the token’s prospects. Such on‑chain activity reinforces the bullish sentiment reflected in the recent price movement.
Broader Market Context
Analysts attribute the crypto rally to easing geopolitical tension between Washington and Tehran, which had previously weighed on investor confidence. The reduction of that risk factor has encouraged traders across the market to re‑enter positions, boosting overall crypto liquidity. As the market steadies, XRP’s performance may serve as a barometer for altcoin resilience amid shifting political dynamics.