XRP's price has surged rapidly recently, reaching the highest price of the 2021 bull market. It not only broke the $1 barrier but also recently soared to $1.27, doubling in price in just seven days. This is big news for the cryptocurrency world, and XRP has become a star in the market. But why has it suddenly become so popular and its price risen so quickly?
In fact, XRP was underestimated for a long time, especially after the lawsuit with the U.S. Securities and Exchange Commission. However, now that the regulatory storm has passed, Ripple's position in the cryptocurrency space has recovered, and investors are starting to believe that XRP has a lot of untapped potential. Many experts say that XRP has been suppressed for too long, and with the regulatory environment becoming clearer, it is likely to experience a significant breakout.
Another particularly interesting phenomenon is that those "big whales" have been buying XRP like crazy recently. It is said that they bought 453.3 million coins in one week, spending nearly $526 million, which accounts for 18% of XRP's circulating supply. This is the largest purchase they've made in three years. It seems they know something we don't and believe that XRP is about to make a big move.
The key price levels that XRP is looking to break next are $1.33 and $1.88. If it surpasses these two hurdles, it could potentially reach a new all-time high and return to the historical peak of $3.84. Some even boldly predict that in the coming years, XRP's price could rise between $8 and $30.
In everyday terms, it means that XRP has been incredibly hot lately, with its price skyrocketing. Those big players are also buying like crazy, as if they know something good is about to happen. If XRP can break through a few key price levels, its price could reach new highs.
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