• 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

Hoskinson Warns of Regulatory Overreach

chest

During the launch of Midnight, Charles Hoskinson issued a stark warning about the potential for regulatory overreach that could strip away the unique qualities of cryptocurrency.

user avatarLuis Flores

KOL GOLF After Party Brings Together Industry Leaders at Dubai Binance Blockchain Week

chest

The KOL GOLF After Party, part of the Binance Blockchain Week in Dubai, gathered industry leaders to discuss the future of the digital economy.

user avatarMaria Gutierrez

Asia Pacific Innovation Center Unveiled to Foster Global Business Connections

chest

Asia Pacific Innovation Center unveiled to empower global businesses by bridging traditional commerce and the Web3 world.

user avatarArif Mukhtar

DID Alliance Advocates for Digital Sovereignty at Dubai Event

chest

DID Alliance advocates for decentralized identity and digital sovereignty at a Dubai event.

user avatarDavid Robinson

Pudgy Party Celebrated at GAM3 Awards

chest

Pudgy Party won two prestigious awards at the GAM3 Awards, recognizing its excellence in Web3 gaming.

user avatarJacob Williams

Twenty One Capital Reports Unverified Share Drop Post Partnership

chest

Twenty One Capital reports an unverified 20 share drop after partnering with Cantor Equity Partners, emphasizing a Bitcoin-first strategy while lacking confirmed trading data.

user avatarZainab Kamara

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.