The entire digital asset market has not gotten off on the strongest foot thus far in 2024. Subsequently, Ripple has seen its value increasingly volatile, with most recent figures showing that XRP whales hold more than 67% of the overall supply. Moreover, that is the first time such a thing has happened since 2022.On-chain analyst firm Santiment reported the rater interesting figures in a string of posts to X (formerly Twitter). Additionally, the firm reported a remarkable 217 whale transactions took place earlier this week. Specifically, this marked the most transactions worth $1 million or more since July of 2022 as well.XRP Whales Dominate Supply, Could it INdicate an Incoming Price Surge?Thus far in 2024, the entire digital asset market has struggled. Despite a plethora of optimism at the tail end of last year, and landmark events to kick off the new year, the market has not responded as many have hoped. Indeed, Ripple was one asset that has certainly not lived up to expectations.Following the reports of a hack on the firm’s co-founder, the asset fell more than 5% in price. Currently, the asset is fighting off further drops in value at a key level. Specifically, it is trading at $0.50, and falling more than 1.6% over the last 24 hours according to CoinMarketCap.However, an interesting aspect of the overall price of the asset is the exposure of the supply. According to on-chain analysis firm Santiment, Ripple XRP Whales hold 67% of the total supply, the most since 2022.Specifically, that concentration of whales is the highest since December, which the firm notes makes it “one of the better candidates for a bounce,” depending on Bitcoin’s stabilization. Altogether, Ripple has long been a candidate for a stark reversal once the bottom is hit. Yet, many have wondered when that reversal could take place.The Ripple co-founder’s hack certainly did nothing to help secure its confidence among investors. Yet, the overwhelming commitment from large value holers should indicate that very confidence. Still, the price will only turn when buying pressure increases. Subsequently, only time will tell when that will take place.#Write2Earn #XRPInvestment

As Bitcoin and other digital currencies attract attention with notable surges, Ripple’s native token, XRP, has been quietly making progress in the market. Despite not experiencing as dramatic a surge as some of its counterparts, XRP has witnessed an 88% increase in value since the start of the year, currently trading at approximately $0.64. Analysts now suggest that XRP might be gearing up for a substantial rally, with predictions indicating the possibility of a new all-time high.Current Market PerformancePresently valued at $0.64, XRP has demonstrated a commendable 88% surge since the beginning of the year. Although its performance may not be as attention-grabbing as that of Bitcoin and other major cryptocurrencies, the altcoin’s consistent upward trajectory has not escaped the notice of market observers.Insights from Analysts and Positive PredictionsSeveral analysts express optimism regarding XRP’s potential for significant growth in the near term. Fiery Trading, in particular, anticipates a bullish trend and a potential substantial price surge. The analyst asserted that the asset could reach $25 by the end of the next year. The predicted breakout is expected in 2024, primarily influenced by the upcoming halving event.Ripple XRP Aiming for $2: Timing for InvestorsWhile some analysts forecast a more aggressive rally for XRP, others take a more cautious stance. According to DigitalCoinPrice, their prediction model suggests that Ripple’s XRP is expected to reach $2 by 2025. The subsequent year may see the altcoin maintaining around this price level. However, in 2025, the altcoin is projected to achieve an average price of $2.19, with the possibility of reaching a high of $2.33.Influential Factors Shaping XRP’s Future PerformanceSeveral factors contribute to the anticipated trajectory of XRP’s future price movements. The coin’s utility in facilitating cross-border payments and its practical applications within the financial industry is likely to play a pivotal role in driving demand. Additionally, shifts in regulatory environments and broader trends in the cryptocurrency market can significantly impact investor sentiment toward the altcoin.As the asset solidifies its standing in the cryptocurrency market, investors and enthusiasts closely monitor its growth potential. While some analysts foresee a substantial Ripple XRP rally targeting $25, others adopt a more measured outlook, envisioning a gradual ascent toward the $2 mark by 2025. The evolving dynamics of the crypto space, regulatory developments, and XRP’s intrinsic utility are expected to collectively influence its trajectory. Investors are advised to remain vigilant. This is considering multiple factors when assessing the potential risks and rewards associated with XRP in the years to come.#XRPPriceTarget #XRPInvestment

Recently, Martin Hiesboeck, the Head of Research at the U.S.-based exchange Uphold, highlighted that XRP appears poised to ascend to a fresh trading price range.
Read more on: https://thecryptobasic.com/2023/12/09/uphold-head-of-research-says-xrp-looking-desperate-to-climb-amid-xrp-2-2b-volume/
#XRPUpdate #XRPSurge #XRPBullRun #XRPInvestment #CryptoNews🔒📰🚫

Introduction:In the dynamic world of cryptocurrency, XRP enthusiasts are on the edge of their seats as a recent expert analysis unveils a compelling bullish signal that could pave the way for a substantial surge in its price. The convergence of the 21 Exponential Moving Average (21 EMA) and the 55 Moving Average (55 MA) in the 2-week chart of XRP/USD has historically signaled remarkable price escalations for the digital asset.Bullish Crossovers and Historical Precedents:Drawing parallels with historical data, this rare bullish crossover has proven to be a precursor to significant price movements. Notable instances in March 2017 and December 2020 showcased staggering increases, with percentage spikes ranging from 84% to an electrifying 1100%. The present analysis suggests the potential for XRP to witness a surge towards the $7 mark, signifying a remarkable gain of over a thousand percent from the current trading price. For the more conservative investor, a projection of $1.80 still implies a noteworthy gain of over 200%.Trend Line Dynamics:Beyond moving averages, the analysis delves into the significance of XRP's interaction with an ascending trend line. Historical touchpoints in mid-2022 and early 2023 indicate critical levels of support. The anticipation of a third touchpoint not only underscores the coin's resilience but also presents a potential buying opportunity for investors seeking substantial gains.Bitcoin's Influence and Market Dynamics:Recognizing the symbiotic relationship between Bitcoin and altcoins, the analysis acknowledges the influential role of the leading cryptocurrency on XRP. As market conditions hint at a potential alt season following Bitcoin's anticipated peak and subsequent retracement, the stage seems set for XRP's surge amidst broader market forces.Conclusion:In conclusion, XRP enthusiasts have a lot to look forward to as expert analysis paints a bullish picture for the cryptocurrency. The convergence of moving averages, historical precedents, and the interaction with the ascending trend line all point towards a potential surge, with projections reaching as high as $7. As investors navigate the volatile cryptocurrency landscape, XRP's anticipated rally presents an exciting opportunity for those eyeing substantial gains in the coming months.Disclaimer:The information provided in this article is for informational purposes only and should not be considered as financial advice. Cryptocurrency investments involve a high level of risk, and market conditions can change rapidly. The article does not constitute a recommendation or endorsement for any specific investment strategy.Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.$XRP #XRPSurge #XRPInvestment