We value your privacy

We use cookies to enhance your browsing experience, serve personalised ads or content, and analyse our traffic. By clicking "Accept All", you consent to our use of cookies.

Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

CoinBasecamp

Crypto News & Updates

    • XRP
    Cryptocurrency Latest News Ripple XRP

    Ripple Whales Amass 1 Billion XRP Coins: Is a Rally Ahead?

    Posted on

    Key Points

    • Whale Activity: Ripple whales have accumulated 1 billion XRP coins in just two days, signaling strong market confidence.
    • Price Movement: XRP price rose by 1.2%, reflecting investor optimism, with trading volumes showing mixed trends.
    • Expert Analysis: Analysts predict key price levels and hint at a potential breakout, with targets as high as $6.

    Whales Fuel XRP Optimism

    Ripple whales have once again made waves in the crypto market. Recent reports reveal these large investors have acquired a staggering 1 billion XRP coins in just two days. This massive accumulation has bolstered optimism among investors, hinting at a possible rally in XRP prices.

    What Sparked the Activity?

    • Massive Transfers: Ripple Labs recently moved 300 million XRP (worth $682 million) to an unknown wallet, adding to the speculation.
    • Market Sentiment: The whales’ actions suggest growing confidence in Ripple’s future amid broader market fluctuations.

    XRP Price Update

    The cryptocurrency’s performance reflects this renewed interest:

    • Current Price: XRP rose by 1.2% to $2.35, with a trading range of $2.26 to $2.36 in the last 24 hours.
    • Trading Volume: Daily volume dropped 9% to $4.9 billion, but Futures Open Interest climbed 3% to $4.37 billion.

    Prominent market analyst Ali Martinez also highlighted a significant accumulation trend among large investors, commonly referred to as whales. According to his update, Ripple whales have acquired an impressive 1 billion XRP coins within just two days, demonstrating their strong interest in the cryptocurrency.

    Key Price Levels to Watch

    Market expert Dark Defender highlighted critical levels for XRP’s next moves:

    • Upside Targets: $2.40, $2.86, $4.55, and $5.85.
    • Support Levels: $2.23 and $2.13.
    • Potential Breakout: A rally to $6 is on the horizon if bullish momentum sustains.

    With growing whale activity and expert projections, XRP is poised to remain a key focus for crypto enthusiasts in the coming days. Will it live up to the hype and challenge Ethereum’s position? Only time will tell.

    Stay tuned for the latest updates as the Ripple ecosystem continues to evolve

    Tagged:

    You Might Also Like

    Latest News