๐ฃ๐ฃ๐ XRP Price Analysis: Whales Scoop 100M Tokens Amid $11 Target Hype! ๐๐ฃ๐ฃ
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.XRP is catching the spotlight as crypto whales make bold moves, buying over 100 million tokens during a recent price dip below $2. This surge in whale activity signals rising confidence in XRPโs long-term potential, despite ongoing market volatility.
๐ณ Whale Moves Signal Optimism
On-chain analyst Ali Martinez reports that whales accumulated 100M XRP during the dip, signaling their faith in XRPโs future. Such activity often inspires smaller investors to jump in, further boosting sentiment.
๐ XRP Price Performance
โข Current Price: $2.37
โข 24-Hour Growth: +8.74%
โข Market Cap: $135.5 billion
โข Circulating Supply: 57 billion
Although XRP saw a 7.55% drop over the past week, it remains resilient with key support levels at $2.13 and $2.27.
๐ Analysts Predict Bullish Growth
Crypto analyst Dark Defender highlights a bullish chart pattern, predicting:
โข Short-term targets: $3.90 and $5.50
โข Long-term target: $11 (expected by early 2025)
The tokenโs recent rally of 281% last month shows its potential, provided it holds critical support levels.
๐ช Rippleโs Stablecoin Boost
Rippleโs recent regulatory approval to launch its RLUSD stablecoin could further fuel investor interest in XRP, adding momentum to its price surge.
๐ FAQs
โข Why are whales buying XRP now?
They see it as an opportunity to buy low with high long-term growth potential.
โข Can XRP reach $11?
Analysts predict this milestone by early 2025 if bullish patterns hold steady.
โข Whatโs driving XRPโs growth?
Whale activity, Rippleโs stablecoin launch, and strong technical support levels are key drivers.
With growing optimism and whale confidence, all eyes are on XRPโs next big move!