DayFR Euro

Whales propel XRP to the top again


16h26 ▪
3
min reading ▪ by
Micaiah A.

Ripple and its crypto, XRP, recently left part of their community in the lurch. Investors, hoping for quick profits, saw their expectations thwarted by a capricious market. However, a very particular category, the famous “whales”, has been activated, massively accumulating XRP. Between rumors about an imminent ETF and legal battles with the SEC, XRP seems determined to regain the heights.

Whales revive XRP momentum

Ripple news: in recent months, wallets the heaviest on the marketthose containing between 1 and 10 million XRP, took great pleasure in gorging themselves. Since November 2024, these whales have acquired 1.43 billion de tokensan increase of 37.4%, according to the Santiment platform.

The whole thing represents a nice jackpot of $3.8 billion.

Some notable figures:

  • Current XRP price: $2.83 (a record since 2018);
  • Accumulation of whales since November: 1.43 billion tokens;
  • JPMorgan Projected Investment Potential: Up to $8 Billion for XRP ETPs.

This massive accumulation, coupled with a reduced order market (18 million XRP for sale between $2.70 and $2.90, compared to 40 million previously), appears to be turning XRP into a FOMO magnet.

According to analyst Dom, “ all it takes is for this buying frenzy to continue to cross $3 ».

Crypto regulation: the standoff with the SEC

At the same time, legal cases continue to play spoilsport. The SEC, after losing a round to Ripple in 2023, has not yet said its last word. However, the political context seems to favor crypto. With a US administration more inclined to support digital innovationthe pressure could fall on the regulators.

According to Sean Dawson, analyst for Derive, “ even if the SEC appeals, the pro-crypto environment could lean in favor of XRP ».

In the meantime, investors are watching closely a potential spot ETFwhich could transform XRP into a rising star of altcoins, like bitcoin. Everything plays out on a crest line: either a regulatory green light propels Ripple’s crypto, or legal blockages slow down this rise.

In January, all 5 indicators already seemed to be pointing towards an explosion in XRP. The movements of whales, combined with expert forecasts, confirm that this trend could mark the year 2025. A matter to follow closely.

Maximize your Cointribune experience with our ‘Read to Earn’ program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Micaiah A.

The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it

-

Related News :