XRP's Rally: $20 in Sight?
Ripple's XRP has soared 200% this month, fueled by whale
activity and strong futures interest, sparking speculation of a
long-term target of $20.
Whale Accumulation
*/ Over 250 million XRP was purchased during recent dips, per
Santiment.
*/ Key transactions include:
*/ 149M XRP ($227M) moved from Bybit to a private wallet.
*/ 20M XRP acquired from Upbit.
*/ 58.3M XRP ($87M) transferred from Binance to a whale wallet.
These moves suggest increasing confidence, likely bolstered by positive sentiment around Ripple’s legal wins and SEC Chair
Gary Gensler's resignation.
Futures Market Surge
*/ XRP futures open interest surpassed $2.5 billion, with
platforms like Binance and Bybit leading the surge.
*/ Trading volume climbed 24%, reflecting heightened investor
interest.
Analyst Predictions
Immediate price targets sit at $2, but long-term projections
point to $20, supported by accumulation, market sentiment,
and institutional demand.
With whales and futures backing XRP, optimism for further growth remains strong.
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