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XRP whales hoard $96M amid Iran ceasefire hopes, new users boost network growth.

Market News
22 May 2026
Benzinga
View Source
Bullish
pluang ai news

Large XRP holders have accumulated 71 million tokens worth about $96.56 million recently, coinciding with optimistic news about Iran ceasefire talks. This surge in buying comes as new XRP wallet creations hit their fourth-largest spike this year, signaling strong network growth. Despite mixed technical signals, sentiment among Binance futures traders remains very bullish with a preference for long positions. XRP trades near $1.36, down slightly in 24 hours but still down 26% year-to-date.

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