Over the past 10 days, Ripple whales have amassed over 470 million XRP tokens, signaling confidence in the token’s future.
This comes on the heels of a major announcement from Mastercard’s CEO, who revealed that Ripple’s XRP is positioned to replace Swift in global transactions.
#Ripple whales have bought over 470 million $XRP in the past 10 days! pic.twitter.com/8I3ZWF0cgO
— Ali (@ali_charts) September 29, 2024
Discussions are already underway to utilize the XRP Ledger (XRPL) for these processes, indicating a major shift in financial infrastructure.
BREAKING: 💳 The CEO of Mastercard has just announced that Ripple $XRP is set to replace Swift. Talks are already underway to utilize #XRPL for transactions. pic.twitter.com/X492TEymRu
— Levi | Crypto Crusaders (@LeviRietveld) September 27, 2024
In addition, Ripple is preparing to introduce significant upgrades to the XRP Ledger, which are expected to boost liquidity and appeal to institutional investors.
These improvements could channel hundreds of millions into XRPL-based tokens, especially within the decentralized finance (DeFi) sector.
Ripple has positioned the XRP Ledger as the future hub for institutional flows and liquidity, suggesting a substantial influx of capital into the ecosystem.
🚨BOOOOOOOOOOOM! #XRP Breaks Six Month High as Whales Accumulate Over 470 Million Token! 🤪🐳
Ripple is set to roll out significant enhancements to the XRP Ledger, aiming to increase liquidity and attract institutional investors. This surge in activity could channel hundreds of… pic.twitter.com/SxrgYYgKLN
— Brett (@Brett_Crypto_X) September 30, 2024
XRP’s CTF Gains Recognition As Top Defi Asset
One of the standout tokens on the XRP Ledger is CTF, which is gaining recognition as the leading DeFi asset on the platform. With the smallest circulating supply of any DeFi token, CTF is poised for massive growth. If CTF captures even 25% of XRP’s market capitalization, its value could skyrocket from the current $0.68 to an astounding $374.25 per token.
Ripple recently announced that the #XRP Ledger is positioned to be the new center for institutional flows and liquidity!
This change could direct large amounts of money into #XRPL tokens, particularly those associated with decentralized finance #DeFi
Among these, the CTF token… pic.twitter.com/KFiHzYnvsn
— ⚔️ XRP Avengers ⚔️ (@XRP_Avengers) September 30, 2024
Adding to the growing optimism, Ripple CEO Brad Garlinghouse recently acknowledged that his prediction of a $5 trillion total crypto market cap by year’s end may have been conservative. With the rapid adoption of XRPL and the strong performance of XRP, the future for Ripple and its ecosystem looks brighter than ever, especially as institutional interest continues to grow.
🚨 JUST IN: @Ripple CEO @bgarlinghouse admits he may have underpredicted his call for a $5 trillion total crypto market cap by year-end! 🚀
📈 Is the crypto space set for an even bigger boom than we thought? 🌐
💰 #Crypto #XRP #Bullish #MarketUpdates pic.twitter.com/Mr0u9LyVxr
— Crypto News (CoinGape) (@CoinGapeMedia) September 30, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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The post Ripple Whales Accumulate 470 Million XRP As Major Changes Loom For XRPL And DeFi appeared first on The Merkle News.
