XRP has reached a new all-time high in millionaire addresses, with data from Santiment indicating a count of 2,013 wallets each holding at least one million XRP. This number is just one short of the previous record set in June 2023. The trend suggests a burgeoning bullish sentiment, echoing the dramatic increase in value experienced by the altcoin last year. In a remarkable surge following a favorable legal judgment in the SEC v. Ripple case, XRP prices nearly doubled, achieving close to $1 per token in merely a month.

The correlation observed between the growth in millionaire addresses and subsequent price rallies offers an intriguing insight into the dynamics of the XRP market. As XRP edges closer to breaking its previous record, the cryptocurrency community watches keenly, anticipating another significant price movement. This activity highlights the broader potential within the crypto market, underscoring the influence of major stakeholders and historical trends on pricing, and by extension, hinting at the latent power of Bitcoin and other major cryptocurrencies to similarly capitalize on such dynamics.

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