XRP The price today increased to $ 2.20 and sent a signal of potential acceleration. The daily transaction volume increased by 80 percent to 4.35 billion dollars. 70 million and 300 million XRP transfers from whale addresses aroused a wide repercussion in the crypto currency world. This development brought the claims that the XRP may be involved in the strategic reserve of the New Hampshire Province.
XRP price rose in the shadow of whale operations
XRP priceThe rise in the rise attracted the attention of many investors. Especially in the last few days, the increase in the volume of transaction shows that the demand has gained momentum. The formation of rising bottoms in the hourly graph, the crossing of the bull in MACD and the RSI’s 64.60 level support the upward movement of the price. The fact that the XRP remains above the important mobile average lines brings positive comments from technical analysts.
In addition, 70 million and 300 million units made to wallets other than known wallets XRP Transfers It caused intense speculation in the market. Some experts think that these whale movements show that large investors take positions. Currently, Altcoin’s market value is around 125 billion dollars. According to the New Hampshire HB302 Law, the crypto currency, which reaches a market value of $ 500 billion, may be entitled to find a strategic reserve.
The possibility of strategic reserves for XRP has brought great price targets
The HB302 Law of New Hampshire provides for strategic reserves of crypto currencies, which exceed $ 500 billion by 2026. The XRP, which is currently powerful with a market value of approximately 125 billion dollars, can sign an important step if it reaches the threshold. Lawyer Fred Rispoli ‘According to the XRP protects the momentum captured by the end of the year, the price of 8.5 dollars, even 10 dollars by increasing the reserve in 2026.
On the other hand Dark Defender Anonymous Anonymous Analyst pointed to 3 dollars in the short term and $ 4.4 and $ 6.3 in the medium term as target levels. Technical indicator signals support that XRP captures a strong momentum.
The bold suggestion from the Black Swan Capitalist is that XRP -supported government bonds can be issued instead of dollar bonds. This idea can offer new corporate opportunities for Altcoin.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
