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Why is Ripple’s (XRP) price up 13% daily to monthly HIGH?

Ripple’s XRP has seen a notable price increase of 13%, hitting a monthly HIGH. The driving force behind this surge is significant whale activity, as large holders accumulated over 1 billion XRP tokens within just two days, bolstering XRP’s market position.

XRP’s price performance stands out against a background of declining prices for Bitcoin and Ethereum, showcasing its resilience. Anticipation around Ripple’s upcoming legal developments with the SEC and talks of potential partnerships, particularly with Cardano, are contributing to a positive sentiment surrounding XRP.

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