• 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

Prediction Markets Face Legal Challenges Amid Regulatory Scrutiny

chest

Prediction markets are facing legal challenges as state regulators claim new wagers violate gambling laws, with the CFTC defending them against lawsuits.

user avatarZainab Kamara

Trump Reassesses Stance on Prediction Markets

chest

President Trump appears to soften his earlier criticism of prediction markets, indicating uncertainty about regulation.

user avatarJacob Williams

Killa Predicts Bitcoin Bottom at 38,800

chest

Crypto analyst Killa predicts Bitcoin bottom at 38,800 based on diminishing cycle analysis, suggesting the current rally may be a bull trap.

user avatarSon Min-ho

Crypto Analyst Warns Against FOMO Buying Bitcoin at New Highs

chest

A crypto analyst warns traders against FOMO buying Bitcoin at its current highs, suggesting a potential market correction.

user avatarAyman Ben Youssef

China Orders Meta to Reverse Acquisition of Manus AI Startup

chest

China's National Development and Reform Commission has mandated Meta to unwind its acquisition of Manus, a Chinese AI startup, prohibiting foreign investment in accordance with laws and regulations.

user avatarTando Nkube

Bitmine Immersion Technologies Boosts Staked ETH by 112,040

chest

Bitmine Immersion Technologies has staked an additional 112,040 ETH, bringing its total holdings to over 3.7 million ETH.

user avatarSatoshi Nakamura

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.