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In a noteworthy development, data from <a href="https://twitter.com/santimentfeed/status/1693319181184409963?s=20" rel="noopener noreferrer nofollow">Santiment</a> reveals that XRP is witnessing a modest but robust resurgence in its price trajectory. The recent surge of approximately 4% in XRP's value has been attributed to the concerted efforts of some of its most influential holders, colloquially referred to as "whales." 
According to Santiment's metrics, a total of 221 addresses, each holding an impressive 10 million to 1 billion XRP, have emerged as key players in this evolving narrative. These whales now boast a collective cache of 16.13 billion tokens, which translates to a staggering valuation of $8.71 billion. 
Of particular note is the remarkable leap recorded among addresses in possession of 100 million to 1 billion XRP units, as illustrated on the chart. On Aug. 18, these deep-pocketed entities underwent an astronomical expansion, witnessing an unprecedented influx of 1.01 billion <a href="https://u.today/xrp-litecoin-ltc-and-stellar-xlm-lead-the-way-in-crypto-market-bounceback" rel="noopener noreferrer nofollow">XRP</a> tokens. This exponential surge propelled their cumulative holdings to an astonishing 11.03 billion XRP. 
<img alt data-entity-type="file" data-entity-uuid="c7ecc72f-eefd-4219-83a1-7f3b08a938db" src="https://u.today/sites/default/files/inline-images/XRP%20%28XRP%29%20%5B12.26.34%2C%2021%20Aug%2C%202023%5D.png">Source: <a href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22xrp%22%2C%22ticker%22%3A%22XRP%22%2C%22from%22%3A%222023-02-21T07%3A59%3A59.071Z%22%2C%22to%22%3A%222023-08-21T06%3A59%3A59.071Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22HolderDistributionCombinedBalanceWidget%22%2C%22wm%22%3A%5B%22holders_distribution_combined_balance_10M_to_100M%22%2C%22holders_distribution_combined_balance_100M_to_1B%22%2C%22price_usd%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%2C2%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2368DBF4%22%2C%22%23FFCB47%22%2C%22%230a481b%22%5D%2C%22ws%22%3A%7B%222%22%3A%7B%22node%22%3A%22bar%22%7D%7D%7D%5D" rel="noopener noreferrer nofollow">Santiment</a> 
In contrast, the trajectory of accumulation has been notably smoother for smaller addresses, housing between 10 million and 100 million <a href="https://u.today/xrp-price-analysis-for-august-20" rel="noopener noreferrer nofollow">XRP</a> units. Over the course of a recent window, spanning from Aug. 13 to the present, these investors have progressively fortified their positions, amassing an impressive 200 million tokens. As a result, their collective holdings now stand at a substantial 5.08 billion <a href="https://u.today/xrp-outperforms-shiba-inu-ethereum-and-cardano-with-10-price-spike" rel="noopener noreferrer nofollow">XRP</a>. 
The correlation between these accumulation trends and the token's slight price growth is unmistakable. Although the price surge may have appeared modest, hovering around the $0.43 mark per <a href="https://u.today/full-xrp-support-and-reserves-confirmed-by-major-platforms-ceo" rel="noopener noreferrer nofollow">XRP</a>, it evidently spurred the interest of significant investors. This particular price point, which was attained following a recent shakeup on the broader crypto market, seems to have garnered favor among larger investors as a relatively secure stance for risk management.

XRP Whales Accumulating Billions of Tokens as XRP Price Surges Green

U_Today

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