The most recent updates about XRP show that big investors, known as whales, are getting attention due to their large transactions. As per recent findings, these significant investors have amassed close to 1 billion coins in a short period, indicating high investor confidence in the asset. Additionally, a prominent expert has disclosed crucial price thresholds for Ripple‘s native cryptocurrency that have piqued the interest of investors as well.
XRP News: Ripple Whales Making Big Move
As a researcher delving into the realm of cryptocurrencies, I’ve noticed that the Ripple whales are once again actively purchasing XRP, as suggested by the latest reports. This fresh XRP-related news has strengthened the belief in a possible price surge for this digital currency in the near future. Thus, let us scrutinize the recent happenings within the market closely.
Whales Accumulate 1 Billion Coins
In a recent update on X, leading market analyst Ali Martinez has highlighted the buying trend of major investors, often referred to as ‘whales’. As per his social media announcement, Ripple’s whales have acquired approximately 1 billion XRP tokens in just two days, demonstrating their strong affinity towards the coin.
Simultaneously, these events influenced the crypto’s price, as seen in its recent behavior. Yet, this significant buildup occurred following Ripple Labs transferring 300 million XRP to an unidentified wallet, worth roughly $682 million, leading to market conjecture and speculation.
How’s XRP Price Performing?
Today’s XRP price experienced a 1.2% increase and was traded at approximately $2.35. However, its trading volume decreased by 9%, reaching about $4.9 billion. It’s worth noting that the cryptocurrency fluctuated between $2.36 and $2.26 during the past 24 hours, indicating that large Ripple holders (whales) bought the asset, affecting its price. Additionally, data from CoinGlass indicates that the Futures Open Interest for XRP increased by 3%, reaching $4.37 billion.
Indeed, we delve into significant stages to monitor cryptocurrency, according to a prominent market analyst’s recommendations.
Key Levels To Watch For Ripple’s Native Crypto
On the X platform, renowned expert Dark Defender has recently disclosed significant levels to keep an eye on in relation to XRP. Furthermore, he subtly suggested a probable “price surge” for the cryptocurrency in the near future. As per the post, the analyst specified potential targets for XRP at $2.40, $2.86, $4.55, and $5.85.
It’s anticipated that the value of the cryptocurrency could potentially reach approximately $6 over the next few days. If there’s a downturn, key support levels for this digital currency are estimated to be around $2.23 and $2.13, as pointed out by the analyst.
In a different post on platform X, Dark Defender made a comparison between the growth of Ripple (XRP) and Ethereum. He pointed out that from September 24th, XRP has seen an increase three times larger than Ether. Looking at their respective price spikes, he suggested that XRP might overtake Ethereum in the “third wave” we are currently experiencing.
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- T PREDICTION. T cryptocurrency
2025-01-11 12:18