XRP Targets 5 USDT as Large Holders Move 700 Million USDT
Ripple’s XRP is seeing strong momentum heading into 2025, with recent large holder activity fueling bullish sentiment. According to on-chain data, over 700 million USDT worth of XRP has been moved by large holders in the past 48 hours. This surge in activity has coincided with a 12.97% increase in the price of XRP, currently trading at 2.38 USDT.
XRP’s positive sentiment is further supported by a break above key resistance levels. Analysts are closely watching the 2.50 USDT mark as a critical resistance point. If crossed, XRP could target the 3 USDT level this January. Buyers are also encouraged by narrowing Bollinger Bands on the daily chart, signaling potential for increased price volatility in the near term.
Additionally, XRP’s price action is tied to developments in the ongoing regulatory process. Market observers speculate that a favorable outcome or dismissal of the case could trigger a further price rally, possibly propelling XRP towards the 5 USDT milestone by mid-2025.#BinanceAlphaAlert #XRP’
