XRP Surges to Six-Year High Above $3 Amid Large Holdings Accumulation

XRP reached a six-year high, surpassing $3 during early U.S. trading, driven by a rally in Bitcoin to $100,000 and positive U.S. CPI inflation data.

XRP is currently priced at $2.95, up 11% in the last 24 hours.
The token has gained 488% since Donald Trump's election victory.
XRP's market cap is now $170 billion, larger than BlackRock.
Growth fueled by expectations of crypto-friendly regulations and Ripple’s stablecoin RLUSD launch.
Legal developments between the SEC and Ripple regarding token sales continue.
Speculation around a potential spot XRP ETF is increasing investor interest.
Large investors accumulated 1.4 billion XRP tokens in two months, valued at approximately $3.8 billion.

XRP needs to exceed $4.24 to set a new all-time high when adjusted for inflation.