Breaking down impact of 11.6% retail activity surge on XRP’s price – BitRss

• Small wallet addresses holding under 100 XRP ($3.01) have surged by 11.6% in just two months.
• Technical analysis revealed a pattern similar to 2017’s breakout but at double the scale. 

The cryptocurrency market is witnessing a significant shift in Ripple’s [XRP] ecosystem as institutional interest aligns with remarkable retail accumulation.

Recent developments, particularly NYSE’s filing of a 19b-4 form for the Grayscale XRP Trust’s potential ETF conversion, have catalyzed notable changes in holder distribution and price action.

XRP retail accumulation reaches historic levels

According to Santiment data, wallets holding under 100 XRP have increased by 11.6% in just two months, coinciding with an 85% price surge during the same period.

This growth represents the most sustained and rapid increase in small wallet addresses in XRP’s 14-year history, with the total number of holders reaching 6.07M.