Ripple’s cryptocurrency XRP has been attracting the attention of major investors recently. On-chain analysis shows that whales are buying millions of XRP when prices are falling. These moves have strengthened XRP’s potential to reach higher price levels in the long term.
According to data from the Santiment platform, Ripple whales bought 250 million XRP in the past week. These large purchases were made after a 10% drop in the XRP price. Famous analyst Ali Martinez stated that such large transactions reflect whales’ confidence in XRP. The Ripple community believes that these purchases can seriously support the XRP price in the near term.
Among investors, the prevailing view is that XRP price movements are in line with the overall optimism in the market. The positive progress of the lawsuit between Ripple and the SEC and political developments in the US are among the factors that increase confidence in XRP. In addition, open positions in XRP futures have reached a significant level. According to the data, the total open position value has exceeded $ 2.50 billion. This movement on major exchanges such as Binance and Bybit has led investors to increase their XRP positions. Analysts predict that this trend could lead to new highs in the XRP price.
The XRP price is trading at $1.51, up 4% in recent hours. The recent peak of $1.54 has sparked discussions among investors about XRP’s potential future targets. The 24% increase in trading volume also shows the market’s high interest in XRP.
Strategic buying by Ripple whales and increased activity in the futures market are likely to play a major role in shaping XRP’s future price movements, with investors closely monitoring the extent to which XRP can realize these potentials.