Ripple's big move is indeed impressive, having increased its holdings of XRP by 78 million dollars, with a target aimed at 4.5 dollars!
The price of XRP is skyrocketing, already reaching 2.6 dollars. A particularly powerful analyst even declared: in the future, XRP below 2 dollars may be something we never see again!
In this bull market, Ripple Labs' own token XRP has been in the spotlight, attracting a lot of attention, even from those big players in the cryptocurrency circle.
Have you heard? That big “whale” from Ripple just bought 30 million XRP in one go, which translates to 78 million dollars! Just today, on December 18, 2024, a prominent figure in the crypto community leaked online that those big players had bought so much XRP in the past 24 hours.
This story goes back to two days ago, on December 16, when that big “whale” took over 920 million XRP from Binance. This operation not only showcased a good buying opportunity for everyone but also hinted that XRP might soar to new heights soon.
Coincidentally, when this big “whale” was aggressively buying XRP, Ripple's new stablecoin RLUSD had not yet been released, and as a result, the price of XRP began to climb rapidly.
What’s the price of XRP now? It's nearly 2.65 dollars, having risen 6.10% in 24 hours! The trading volume also increased by 41%, indicating that when this big “whale” acts, along with the new developments regarding RLUSD, investors and traders are getting excited.
Market sentiment is also quite positive; Ripple Labs' new actions have led everyone to believe that XRP's upcoming trends look promising.
From a technical perspective, XRP is on the brink of a breakout. If the daily closing price can exceed 2.67 dollars, then the possibility of it heading towards 4.5 dollars increases significantly, with a potential rise of 79%!
Seeing this situation, everyone is eager to try, preparing to find opportunities to enter the market. Moreover, XRP's relative strength index (RSI) is currently only 66, not yet in the overbought territory, indicating that there is still room for growth!
For the next strategic layout, I will lead everyone to focus on the lucrative opportunities in altcoins, especially those projects with high potential, where a 10x return is definitely possible. If you want to make big money in this bull market, like and comment, and I'll guide you through the entire bull market!
