• 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

ACX Introduces Bridge Everything for Effortless Crosschain Transfers

chest

ACX has launched Bridge Everything, allowing users to transfer tokens across multiple blockchains with a single click, enhancing efficiency and reducing costs.

user avatarTomas Novak

Systematic Global Macro Trend Following: Capturing Market Momentum

chest

Global Macro Trend Following is a systematic strategy that uses algorithmic models to identify and capitalize on sustained price momentum across various markets.

user avatarLi Weicheng

Meta Earth Launches New Year Travel Funding Campaign

chest

Meta Earth is launching a New Year campaign offering participants the chance to win up to 1,600 USDT in travel funding, promoting Unconditional Basic Income (UBI) and community engagement.

user avatarKaterina Papadopoulou

Analyst Colin Cautions Against Overly Optimistic Bitcoin Predictions

chest

Analyst Colin warns that it may be too early to predict a new all-time high for Bitcoin despite recent rebounds.

user avatarMaya Lundqvist

Santiment Updates Ranking of Binance Smart Chain Projects Based on Developer Activity

chest

Santiment has released an updated ranking of Binance Smart Chain projects based on developer activity over the last 30 days, with BTCB leading the list.

user avatarLeo van der Veen

Multi-Layered Convertible Bond Arbitrage: Isolating Derivative Alpha

chest

Convertible bond arbitrage focuses on hybrid securities to profit from pricing mismatches between the bond and its embedded equity option.

user avatarAisha Farooq

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.