XRP price hits $3 again: Fed introduces ISO 20022 for FedWire and whale accounts reach new high with 2,743 addresses

XRP price hits $3 again: Fed introduces ISO 20022 for FedWire and whale accounts reach new high with 2,743 addresses

XRP price exceeds the $3 mark again – background and current developments

On July 14, the US Federal Reserve (Fed) announced the adoption of ISO 20022 for FedWire, resulting in a significant increase in the price of XRP to over $3. This decision not only has a positive impact on the price of XRP, but also shows the increasing acceptance of modern payment standards in the financial industry.

At the same time, it was found that the number of so-called “whale wallets” – addresses that hold large amounts of cryptocurrencies – has reached an all-time high of 2,743 addresses. This suggests that more and more investors with significant capital are investing in XRP or increasing their holdings.

The combination of the Fed's adoption of ISO 20022 and the rise in whale wallets suggests that interest in XRP is increasing not only from retail investors but also from institutional investors. ISO 20022 is a modern messaging protocol designed to enable uniform data transfer between financial institutions, potentially increasing efficiency and transparency in payment transactions.

For investors and interested parties, this development is notable as it indicates that XRP is increasingly being recognized as a serious mainstream cryptocurrency. The rise above $3 could further increase confidence in XRP's long-term prospects and lead to wider acceptance of digital currencies in everyday payments.

In summary, the Fed's introduction of ISO 20022 and the rise of whale wallets are major factors driving the XRP price higher, ushering in a potentially exciting phase for investors and the crypto market as a whole.