According to the latest XRP news, whales are on the agenda with the large transactions they have made recently. According to recent reports, major investors have recently accumulated around 1 billion XRP, reflecting investors’ strong confidence in the asset. Amidst this development, a leading expert Ripple $2.4It set significant price levels for ‘s native cryptocurrency, which attracted the attention of investors.
The Whales’ Big Move
Ripple whales continue their buying activities, as recent reports show. This XRP news strengthened the expectation of a potential increase in the price of the cryptocurrency in the coming days. Let’s take a closer look at the latest developments in the market.
1 Billion Coin Accumulation
Senior market analyst Ali Martinez shed light on the accumulation trend of whales in his post on the social media platform.
“Ripple whales purchased 1 billion XRP in just about two days, showing their strong interest in the currency.”
This development also had an impact on the price of cryptocurrency. However, this massive accumulation trend came after Ripple Labs moved approximately 300 million XRP to an unknown wallet worth $682 million, which triggered market speculation.
XRP Price Performance
Today, XRP price is trading at $2.35, up approximately 1.2%, while trading volume decreased by 9% to $4.9 billion. The cryptocurrency has been trading between $2.36 and $2.26 in the last 24 hours, reflecting the impact of Ripple whales’ buying action on the price. Additionally, the asset’s futures open activity rose 3% to $4.37 billion, CoinGlass data showed.
Levels to Watch for Ripple’s Native Crypto
Leading expert Dark Defender shared the important levels to watch soon for XRP in his analysis on the X platform.
“XRP may experience an upward breakout soon.”
According to the analyst, important targets for XRP are at $2.40, 2.86, 4.55 and $5.85. Additionally, it is predicted that the cryptocurrency may rise to around $6 in the coming days. Support levels for the potential southward movement were stated as 2.23 and 2.13 dollars.
Dark Defender also stated in a separate post that XRP is Ethereum 
$3,243.3He stated that it showed a faster increase in value compared to .
“After September 24, XRP gained three times more value than Ether, and this trend will continue.”
This data reveals the impact of Ripple whales on XRP and the general investor excitement in the market.
Future price movements of XRP continue to be watched carefully given whale transactions and market dynamics.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
