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    Home»Crypto»Whales Accumulate a Whopping 100 Million XRP Tokens: Market Buzz
    Whales Accumulate a Whopping 100 Million XRP Tokens Market Buzz
    Crypto

    Whales Accumulate a Whopping 100 Million XRP Tokens: Market Buzz

    financeBy financeJanuary 20, 2025No Comments4 Mins Read
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    In the dazzling world of cryptocurrencies, the notable digital coin XRP has enjoyed immense gains during the ongoing crypto bull market. Even though it fell short of surpassing the $4 mark or meeting its all-time high of $3.40, the token has nonetheless demonstrated significant traction.

    XRP’s Impressive Performance: A Closer Look at the Numbers

    While the latter half of December saw a bit of a slowdown in its upward trajectory, XRP kicked off 2025 with a refreshing surge, reinforcing its robust presence in the crypto sphere. To put it into perspective, the digital asset has marked a substantial 55.41% price increment year-to-date (YTD), complemented by a weekly gain of 35.31%.

    The latest episode of this ascent, which took off on January 13, was fueled by two key factors: the encouraging inflation figures from December’s Consumer Price Index (CPI) report, and a legal appeal in the ongoing case against Ripple Labs, submitted to the Securities and Exchange Commission (SEC). The latter was largely deemed ineffective, which surprisingly worked in favor of XRP’s market position.

    Whales Endorse XRP: A Bullish Twist

    Adding to the bullish narrative, XRP seems to have won the favor of ‘whales’ (i.e., holders of over 1 million tokens), as they appear to have embarked on a buying extravaganza over the previous two days. This revelation comes from a well-known crypto researcher.

    Typically, such whale activity is a precursor to crypto bull markets. Being mostly seasoned investors or institutions, whales are equipped to conduct superior analysis. Moreover, they generally adhere to a buy-and-hold strategy, indirectly leading to a long-term supply constraint that usually drives prices up. In this case, these addresses have reportedly accumulated 100 million XRP over the last two days.

    Bullish Analysts Predicting High XRP Price Targets

    The crypto researcher who divulged these whale moves, Ali Martinez, further emphasised that XRP had broken out of a bullish flag pattern, according to his January 19 analysis. Based on this, he predicts a potential rally to $4, a 20.12% climb from the current price.

    Looking at the bigger picture, Martinez’s predictions are even more optimistic. Pointing to a symmetrical triangle pattern detected on XRP’s monthly chart, he indicated in a January 16 post that the asset might rally up to $15, a whopping 350.45% upside from today’s prices.

    Complementing these bullish forecasts is analyst Gert van Lagen’s observation of a double bottom formation on XRP’s long-term chart. He suggests that if the previous market cycle repeats itself, XRP’s price could skyrocket to nearly $100.

    FAQs

    How did XRP perform during the crypto bull run?

    XRP made significant strides during the crypto bull run, despite failing to surpass the $4 mark or meet its all-time high of $3.40. It has witnessed a notable surge since the beginning of 2025, marking a substantial increase in its price year-to-date.

    What role do ‘whales’ play in the XRP market?

    Whales, or holders of over 1 million tokens, often have a considerable impact on the XRP market. Their investment activity, typically following a buy-and-hold strategy, can lead to long-term supply constraints, driving up the price of the token.

    What are the future price predictions for XRP?

    Crypto researchers and analysts have a positive outlook for XRP’s future price, predicting potential rallies to $4 or even up to $15. If previous market cycles repeat themselves, XRP’s price could even reach nearly $100.

    The future of XRP is undoubtedly intriguing. With robust performance, high-profile endorsements and optimistic price forecasts, XRP is showing all the signs of a strong market contender. As this saga unfolds, investors armed with a trusted cryptocurrency application like Finances Zippy can stay updated with insightful market trends and price predictions.

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