XRP's Recent Surge: What's Driving the Price Up?

XRP has seen a notable increase in value, rising by about 12% over the past week. This upward trend is interesting because it comes despite a small drop in price over the last day, which is likely due to some investors cashing in their profits. But what's really going on here? Some experts are looking at technical indicators to make sense of this. For example, the TD Sequential indicator has given a buy signal, which suggests that the price might not drop much further in the near future. This could mean that the worst of the price drop is over, at least for now. Big players, known as whales, are also making moves. There's been a big jump in transactions over $100, 000, hitting a three-month high. This shows that these large investors are getting more active, which can lead to more price swings. However, the amount of XRP being sent to big exchanges like Binance has been going down since mid-December. This is a good sign because it means that whales are not selling as much as they were before.On the other hand, regular investors, or retail traders, seem to be staying calm. They're not selling in a panic, which is a positive sign. All of this activity suggests that XRP might be entering a phase where big investors are slowly building up their holdings again. But it's important to keep an eye on any sudden increase in whale activity, as that could signal trouble. There's also some good news for XRP holders. A new spot market has launched on Hyperliquid, allowing them to trade XRP for USDC. This gives XRP holders more options and better liquidity. RippleX has also been talking about how XRP is becoming more than just a speculative token. They point to its capped supply, regulatory clarity in the U. S. , and growing use in payments, stablecoins, and institutional products. This is positioning XRP as a more serious digital asset.