XRP's price has broken the $1 barrier for the first time since November 2021, reaching $1.19, which marks a 30% surge in just 24 hours and an impressive 108% gain over the past week. This notable rise in XRP's value appears to coincide with a shift towards a more bullish market sentiment.
Additionally, rumors that SEC Chairman Gary Gensler may be stepping down have fueled positive sentiment and contributed to the rally in XRP's price. The market's response to this news indicates a possibility of changing regulatory landscapes impacting investors' attitudes.
Furthermore, whale investors have continued to accumulate XRP over the past two years, adding 3.44 billion XRP to their holdings. In total, whale wallets now hold 45.61 billion XRP, which is the highest amount recorded since June. This accumulation by significant investors suggests confidence in XRP's long-term potential.
