XRP continues its impressive performance in the cryptocurrency market this month, becoming one of the main participants in the April rally. Over the past seven days, the altcoin rate has increased by more than 10%, reaching $0.548.
The situation is also favorable for other cryptocurrency giants: Solana and Cardano also saw gains of more than 10% for the week, following XRP.
According to Santiment analytics, one of the key factors contributing to the rise of XRP was the increase in the number of large holders. Yesterday, the number of wallets with a balance of 1 million tokens or more reached 2,013, which is the highest level since June 17, 2023, when the number of large holders also reached its all-time high of 2,014.
Since the beginning of April, the number of large holders has grown by 3.1%, and may soon exceed last year’s record, Santiment experts emphasize.
In addition, it is worth recalling that the local peak of XRP at $0.5687 was recorded on April 22.
Tags: XRP Solana Cardano grown noticeably Cryptocurrencies NFTs finance iXBT Live
