In a remarkable surge over the last 24 hours, XRP has surpassed all other cryptocurrencies in performance. This strong upward movement has been largely attributed to whale activity, with XRP wallets holding a total of 45.61 billion tokens, showcasing significant whale influence on the altcoin's valuation.
The presence of whales suggests a continued belief in XRP's potential, with large holders commanding a significant portion of the available supply. This scenario raises questions about whether the current market price truly reflects XRP's intrinsic value, potentially indicating that the altcoin is still undervalued.
The recent rise highlights a growing interest and confidence among significant investors in XRP, possibly setting the stage for further growth. However, whether this momentum can be sustained remains to be seen, with market conditions and investor sentiment playing critical roles in shaping the future trajectory of XRP.
