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Large investors in Ripple (XRP) are buying the token regardless of price dynamics. Thanks to continuous purchases, the price of the third most valuable cryptocurrency has increased by 350% over the last 90 days.

According to Santiment, different groups of XRP holders are buying the altcoin to profit in January 2025. For example, addresses holding between 1 million and 10 million tokens have increased their assets from 5.05 billion to 5.13 billion.

Since December 29, 2024, those holding between 100 million and 1 billion XRP have increased their balance from 9.42 billion to 9.72 billion. As a result, crypto whales purchased 380 million tokens worth $912 million.

With such buying pressure, the price of XRP is likely to exceed $3 by the end of this month.