XRP Price Soars 9% Despite Whale Selling Frenzy

Despite a significant selling spree by large XRP holders, the cryptocurrency saw a dramatic price surge of nearly 9%, driven largely by increased demand from institutional investors and the launch of new Exchange Traded Funds (ETFs). U.Today’s report reveals that over $300 million worth of XRP was sold in recent days, according to on-chain data analyzed by crypto expert Ali Martinez. The sales, concentrated among wallets holding 1 million to 10 million XRP, hint at waning investor interest, while the price continues its upward climb despite this bearish trend.