Ripple Whales Increase XRP Holdings Amid Positive News

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

SEC Proposes Significant Change to Rule 15c211, Excluding Crypto Assets

The SEC proposed an amendment to Rule 15c211, limiting its application to equity securities and excluding crypto assets.

Gustavo Mendoza43 minutes ago

AIntuition Collection Set to Transform NFT Landscape with Real-World Benefits

The AIntuition Collection is set to launch, offering 15,000 NFTs that provide real-world utility and exclusive services.

Rajesh Kumar3 hours ago

Shiba Inu Shorts Liquidated in Dynamic Squeeze

Shiba Inu has experienced a significant rally, resulting in the liquidation of shorts worth $50,000 in just 24 hours.

Miguel Rodriguez4 hours ago

Generation Z Faces Severe Challenges in Home Affordability

Generation Z is facing severe challenges in affording housing, with many resorting to significant sacrifices. Reports indicate that potential homebuyers may need to earn $111,000 a year to afford a typical home in the US, which is $25,000 more than the median household income. To cope with these high costs, Gen Z is making drastic lifestyle changes, including selling their belongings, moving back in with their parents, and taking on side hustles.