XRP Price Could Soon Hit New ATH As Whales Move $84M

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As a seasoned crypto investor with a knack for deciphering market trends and understanding whale movements, I find myself intrigued by the recent XRP activity. The massive $84 million transfer between unknown wallets has certainly piqued my interest, hinting at potential price swings in the near future.

The price of XRP has experienced notable fluctuations recently, and large transactions by prominent investors (whales) indicate a possibility of reaching a fresh record high (new ATH).

In the last several hours, an impressive amount of around 34,943,418 XRP, equivalent to about $84 million, has been moved between unidentified wallets. This significant transaction has sparked curiosity among traders and analysts, potentially indicating shifts in XRP’s price within the upcoming period.

XRP Whale Activity Sparks Rally To ATH

A significant shift in XRP assets worth more than 84 million dollars has sparked debate over the potential direction of its price. This action, carried out from undisclosed wallets, has ignited conversations among XRP enthusiasts regarding potential price surges in the future.

Experts note that major transactions tend to happen before major changes in the market, suggesting either increased demand or strategic maneuvers.

Is it possible that the current whale activity in XRP signifies an upcoming bullish movement? As per the analysis by crypto expert Ali Charts, XRP remains in a holding pattern, with its value moving between approximately $2.17 and $2.70.

Regardless of its current fluctuations, there’s increasing enthusiasm that XRP’s price may touch the $2.25 mark again before moving up to even greater heights. If XRP continues its strong performance, it could climb as high as $4.40 or even surpass that in the near future, potentially reaching a new all-time high.

XRP Price Technical Analysis Suggests Bullish Momentum

Based on technical analysis, it appears that XRP may continue to rise. Analysts observe that the coin is presently trading above significant support lines, and successive bullish pennants have emerged on the price graphs. Such patterns usually hint at a continuation of positive trends once the price surpasses crucial resistance points.

According to financial analyst EGRAG CRYPTO, the recent price fluctuations of XRP bear a striking resemblance to its behavior during past bull markets, like the one experienced in 2017. During this earlier phase, XRP witnessed a significant spike, and experts are predicting that it may replicate this growth trend in the current market with an increase of over 150%.

In the near future, it’s anticipated that XRP’s price could vary from around $4.30 to $6.40. Some enthusiasts are hoping for an increase much higher, potentially reaching over 1,000% or even beyond $13 by early 2025.

Ripple Lawsuit and Market Sentiment

The price movement of XRP can also be affected by events related to the ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). This case, a major point of uncertainty for XRP investors, is projected to reach a crucial milestone by January 2025. Currently, there’s talk that the SEC might ask for an extension on their appeal, potentially stretching out the court proceedings.

Appointing David Sacks as the “AI & Crypto Advisor at the White House” introduces another level of intricacy to the current scenario. Given that Sacks is an advocate for Ripple and its related technologies, he could have a significant impact on U.S. cryptocurrency policies, which might boost XRP’s future possibilities. His position may foster optimistic market feelings, as some speculate his backing could propel XRP forward in the long term.


Given the combination of whale activity, bullish technical analysis, and potential legal resolution, XRP’s price could experience significant growth in the near future. Some analysts are even predicting a 35x price increase, bringing the cryptocurrency to $99 or higher.

Keep a close eye on developments, as some speculate that XRP’s value could surge. Currently, one XRP is trading for around $2.41, which represents a decrease of 4.37% from its highest point today at $2.64.

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2024-12-09 18:40