Based on findings from Santiment’s data, as noted by crypto analyst Ali Martinez, it appears that large investors (whales) have purchased approximately 1 billion XRP, translating to a value exceeding 2 billion dollars.
Regardless of market fluctuations, the robustness of the XRP network is underscored by its consistent increase in the number of wallets, a vital sign reflecting rising adoption and user engagement.
According to the latest data from Santiment, there has been an increase of approximately 58,000 XRP wallets since the start of the year, representing a 1% growth. This places XRP among the leading cryptocurrencies in terms of user adoption when considering unique wallet holders, implying robust growth and popularity in its user base.
📊 As the prices of leading cryptocurrencies have been on a roller coaster ride since the beginning of 2025, there has been significant volatility in the number of wallets holding these assets:
🪙 Bitcoin ($BTC): An increase of 102,000 wallets
🪙 Ethereum ($ETH): An increase of 645,000 wallets
🪙 Ripple ($XRP): An increase of 58,000 wallets connected to the ledger
🪙 Cardano ($ADA): An increase of 2,800 wallets…— Santiment (@santimentfeed) January 10, 2025
An increase in the number of wallets indicates that users and investors are looking forward to potential growth in the network, unfazed by temporary changes in market prices.
XRP price on verge of bull run?
The XRP price graph appears to be shaping up like a “pennant,” which is a technical formation that typically follows phases of price stabilization and is often preceded by significant price fluctuations. Such patterns frequently suggest impending price surges or breakthroughs.
The ongoing compression stage, symbolized by the triangular pattern, might finish up by the end of this month. Should a breakout happen, predictions by analysts suggest that XRP’s price could potentially double from its present value.
As a researcher, I find the resistance at $2.50 to be a crucial benchmark in my analysis. On the flip side, it’s essential to keep an eye on support levels at $2.20 and $2.00. If we fail to maintain the $2.20 mark, there might be a need to reevaluate lower price points. Conversely, a surge above $2.50 could potentially fuel a fresh wave of bullish sentiment.
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2025-01-11 13:18