XRP (XRP) Price: December Whale Accumulation Hits All-Time High, Surpasses $2.54

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XRP Soars in December 2024

In December 2024, XRP soared 124% to $2.54, driven by institutional purchases and whale accumulation, with market capitalization climbing to $145 billion, making it the third-largest cryptocurrency by market cap.

Active Participation from Institutions and Whales

Market data shows a 53.72% surge in XRP trading volume. Whale activity has been a major driving force, purchasing 30 million XRP within 24 hours. The increase in institutional buying and technical breakthroughs have attracted investor attention.

Price Movement Deviates from Historical Patterns

XRP maintained a resistance level of $0.50 for over three years, but broke through this level after Trump won the election, accelerating price increases, which continued throughout December.

Factors for Price Increase

The legal dispute between XRP and the U.S. Securities and Exchange Commission has been resolved, providing clarity for institutional investors. Increased adoption in Asian markets and Ripple's expansion of its partner network have boosted trading volume and market participation.

Analyst Predictions

Analysts predict that XRP's price will range between $11 and $35 by 2025, with a return rate between 432% and 1277%. Ripple's expansion of cross-border payment partnerships has caught the attention of traditional financial institutions, which may drive further adoption.

Market Structure Maturing

Current chart analysis shows XRP attempting to break through the $2.50 resistance area. The market structure is maturing, liquidity is improving, and volatility is decreasing. Institutional-grade trading platforms report increased activity from professional trading departments and investment funds.

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