The XRP market has been rocked by the news that big players (whales) have invested around $1.3 billion in this cryptocurrency. This impressive capital injection has sparked a lively debate about the future of the rate. The price of XRP is currently hovering around $2.34, demonstrating a sideways trend.
Analysts suggest that whale activity could be a harbinger of significant growth. Forecasts point to a possible rise to $2.62, and in case of a breakout of this level - even to the historical maximum in the region of $2.90. Confirmation of optimistic sentiments is the positive funding rate, which indicates the prevalence of bullish positions in the derivatives market.
However, experts warn of potential risks. If large investors change their strategy and the bearish trend intensifies, the price of XRP could drop sharply, reaching $1.95 or even lower. The situation remains unpredictable, and any investment decisions should be made after careful market analysis. It is important to remember that the cryptocurrency market is highly volatile, and investments always carry risks.