Ripple whales have recently attracted attention by purchasing 40 million XRP. Despite the decline in the price of XRP, these purchases continue to maintain investors' confidence in this asset. As Ripple approaches the $2.2 price level, large investors continue to buy without slowing down, taking advantage of the low prices.
Market expert Ali Martinez noted that whales active on the Ripple network recently transferred $132 million worth of XRP. While the purpose of the transfers is unclear, experts believe that these transactions could be part of a broader market strategy.
Today, the price of XRP increased by 3.2% to $2.25. In the last 24 hours, the price fluctuated between $2.27 and $2.14. The daily trading volume was recorded as $7.63 billion. This data shows that the market recovery of XRP continues strongly.
Ripple’s Chief Legal Officer Stuart Alderoty has called for an immediate end to the ongoing SEC lawsuit, which could be a significant turning point for XRP and further increase investor interest.
Cryptocurrency expert Bark made ambitious predictions about the future of XRP. Believing that XRP will make history in 2025, Bark predicts that this token could rise to $3.5. These statements encourage investors to accumulate XRP.
Developments in the Ripple ecosystem are not limited to whale purchases. Ripple’s stablecoin RLUSD has begun listing on the Singapore-based Independent Reserve exchange. This step strengthens Ripple’s influence in the Asian market and increases XRP’s global demand.
The large purchases of Ripple whales stand out as a reassuring sign for investors. These purchases, made during periods when the market is low, reinforce the expectation that XRP will gain value in the long term. Despite the volatility in the cryptocurrency market, XRP continues to attract the attention of investors.