• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple Whales Increase XRP Holdings Amid Positive News

user avatar

by Giorgi Kostiuk

a year ago

The cryptocurrency market has moved significantly over the past week. XRP, initially sluggish, has shown impressive growth.

Increased XRP Holdings

According to Santiment, large wallets holding at least a million XRP have been aggressively accumulating. They now own over 45 billion XRP, the highest amount since June 2018.

Wallets with at least 1M XRP now hold a combined 45.61B tokens, their highest amount held since June, 2018. In the past 2 years, whales & sharks have reversed course and accumulated 3.44B more XRP, a +8.16% increase.

Political Changes and Impact on Ripple

Positive sentiment towards XRP stems from changes in the US political landscape. Donald Trump's presidential election victory has sparked optimism regarding potential regulatory changes affecting the crypto sector, including the ongoing legal battle between SEC and Ripple.

XRP Forecasts

XRP remains a leading altcoin with large cap, surpassing $0.8 for the first time in a year. Some analysts predict further price increases to $1 and even $3.3, though these forecasts are speculative given that Gary Gensler has not yet resigned from the SEC.

Despite speculation, interest in XRP continues to grow. Future regulatory changes in the cryptocurrency industry could significantly impact its development.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin and altcoins exhibit significant Kimchi premiums in South Korea.

chest

Bitcoin and several altcoins are trading at notable premiums in the South Korean market as of December 15.

user avatarMaria Fernandez

Wealthy Investors Drive Record Issuance of Structured Equity Notes in Asia

chest

Wealthy investors are driving the issuance of structured equity notes in Asia past $200 billion this year, fueled by a strong interest in Hong Kong and Singapore stocks.

user avatarGustavo Mendoza

Emerging 100x Crypto Contenders for 2025

chest

Several projects are being highlighted as potential 100x growth candidates alongside IPO Genie.

user avatarRajesh Kumar

Federal Reserve Cuts Interest Rates, Impacting Treasury Yields

chest

The US Federal Reserve has announced a cut in interest rates, leading to a rise in long-term US Treasury yields.

user avatarMiguel Rodriguez

Fartcoin Price Target and Market Predictions

chest

Analysts predict potential price movements for Fartcoin amid market corrections.

user avatarLuis Flores

China's Semiconductor Strategy Challenges US AI Chip Exports

chest

China is rejecting US AI chip exports while focusing on its own semiconductor development, according to David Sacks.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.