XRP Faces a New Test as On-Chain Data Reveals a Major Shift in the Market

XRP is about to face a new test as two factors start driving the market. Ripple continues its expansion in South Korea after signing an agreement with Jeonbuk Bank. Meanwhile, new on-chain data indicates a massive rise in large XRP transactions.

Both developments contribute to the renewed importance of the $1 level as a potential price catalyst. XRP Whale Transactions Jumped 280% Within 24 Hours, Data Suggests Analyst Ali Martinez highlighted a critical development on the XRP market.

He noted that ledger transactions valued at over $1 million increased by 280% during the last 24 hours. According to Martinez, over 38 large transfers have taken place within the last 24 hours.

$XRP WHALES ARE BACK!Whale activity on the XRP Ledger has exploded over the past 24 hours.The number of transactions exceeding $1 million has surged 280%, climbing to more than 38 large transactions.