• 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

Stripe Launches Agentic Commerce Protocol to Secure AI-Driven Transactions

chest

Stripe announces the Agentic Commerce Protocol to enhance security and efficiency in AI-driven transactions.

user avatarAndrew Smith

Stripe and Microsoft Join Forces to Revolutionize Shopping in Copilot

chest

Stripe partners with Microsoft to enhance Copilot with a shopping experience powered by Stripe's payment infrastructure.

user avatarJacob Williams

Pi Network Introduces New Developer Library for Fast Payment Integration

chest

Pi Network has launched a new developer library that enables Pi payments to be integrated into applications in under ten minutes.

user avatarZainab Kamara

California's SB 822 Bill Reclassifies Dormant ETH, Raising Compliance Costs

chest

California's new bill SB 822 reclassifies dormant ETH as unclaimed property, increasing compliance costs for custodial platforms and raising liquidity concerns in the market.

user avatarAyman Ben Youssef

Speculation Grows Over CharacterX CAI Listing on Binance Alpha

chest

Speculation grows over the potential listing of CharacterX CAI on Binance Alpha, with no official confirmation yet.

user avatarSon Min-ho

Amazon Introduces New Rush Pickup Service

chest

Amazon is developing a rush collection service that will allow customers to pick up their purchases at Amazon-operated stores within 60 minutes.

user avatarTando Nkube

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.