XRP broke a new record by exceeding $ 1 in a short time today and triggered optimism in the general market. This rise is especially evident in Ripple. $1 Whales were observed constantly coming with their purchases.
Purchases of Ripple Whales Revitalized the Market
The crypto market has been booming in the last few days, especially Bitcoin $91,403 It witnessed a strong rally led by the increase in its price. In XRP news, Ripple whales have accumulated millions of tokens in recent days, triggering a rally in XRP.
“Ripple whales accumulated 320 million XRP in the last 72 hours,” said crypto market expert Ali Martinez.
This reflects the growing interest in crypto amid positive market trends.
Positive Statements from CEO Brad Garlinghouse
Ripple CEO Brad Garlinghouse, in his last FOX interview, Solana, Cardano issued by US companies $0.741226 He pointed out that crypto money trends such as are growing. He also viewed post-election sentiment as a transformative opportunity for digital assets and expected crypto-friendly policies to boost market confidence.
“Cryptos like XRP, SOL, and ADA have moved ahead of other cryptos in anticipation of clear regulations in the US,” noted Brad Garlinghouse.
Will XRP Rise Continue?
At the time of writing, XRP price increased by over 24% to $1.08, marking its highest level since 2021. Trading volume increased by 21% to $15.46 billion and XRP Futures Open Interest increased by 26% to $1.91 billion.
“XRP’s next target is $2,” said popular crypto market analyst EGRAG CRYPTO.
EGRAG CRYPTO stated that a clear regulatory path could enable XRP to be converted into an ETF in the USA, and this development that the market has been waiting for a long time could happen.
Additionally, EGRAG CRYPTO suggested that XRP price could rise as high as $6.4 if it closes above the $1.10 resistance, followed by a target of $13.
Large purchases by Ripple whales and positive statements from the CEO have increased market participants’ confidence in the future performance of XRP.
This rise of XRP and Ripple’s strategic moves contribute to it gaining a remarkable position in the crypto market.
Reducing uncertainties in the regulatory processes of digital assets may pave the way for wider acceptance of cryptos such as XRP and increased investor confidence.
In conclusion, the purchases of Ripple whales and the CEO’s positive views on the market signal a positive future for XRP.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.