Investors are showing positive sentiment toward XRP, the seventh-largest cryptocurrency, despite a significant rise in its whale transactions.

According to data provided by Santiment, the number of whale transactions consisting of at least $100,000 worth of XRP increased by 92% over the past 24 hours — rising from 332 to 637 unique transactions per day.

The surge in the XRP whale activity comes as investors expect a potential price hike. Per Santiment, the positive sentiment around XRP increased by 65% over the last day.

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A crypto.news report shows that XRP investors started accumulating the asset on July 2 when XRP was trading at around $0.478. 

Data from the market …