Recent data from Santiment indicates that the number of crypto wallets holding at least 1 million XRP tokens has reached a record high, coinciding with a notable 26% increase in XRP’s price over the past week. Currently, 2,743 wallets hold over a million XRP, aggregating to 47.32 billion tokens. This trend is interpreted as a very positive sign for XRP, particularly as the cryptocurrency has surged 10% over the last 24 hours, trading at $2.80 at the time of reporting. The upward movement in XRP's price looks to be part of a broader market trend, marked by impressive gains in Bitcoin, which reached consecutive all-time highs of $112,000 and $116,500 recently. This data suggests the commencement of an altcoin season, with traders likely redistributing profits from Bitcoin into altcoins like XRP as long as Bitcoin maintains its pivotal support level.

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