The Ripple Labs-supported cryptocurrency, XRP, has once again caught the attention of the broader cryptocurrency market due to the growing number of XRP whales, facilitated by Ripple’s escrow system, which is influencing market dynamics. Whale activity, which saw almost 120 million coins shuffled in the last 24 hours, has led to speculation about the future value of XRP. The token has been the subject of optimistic talk regarding its potential to reach $2. The recent surge in whale activity has generated a range of market sentiments for the asset, with the market hoping for a $2 price objective in the coming months. Despite a bearish stance, with a 2.20% fall over the last seven days, XRP moved in the green today, in line with the general trend of the crypto market. The increasing number of XRP whales, brought on by Ripple’s supply-limiting escrow system, is affecting whale-accumulating tactics.
