• 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

Analyst Highlights Monero's Strong Chart Performance

chest

Analyst Sjuul from AltCryptoGems praises Monero's chart, noting its steady upward trend despite market fluctuations.

user avatarRajesh Kumar

Monero's Price Approaches Major Resistance Zone

chest

Monero's price is currently testing a significant multiyear resistance zone between 400-450, raising questions about its ability to break through.

user avatarFilippo Romano

Monero's Bubble Risk Remains Low Amidst Price Surge

chest

Current bubble risk indicators for Monero suggest a healthy market environment, with no signs of overheating.

user avatarLucas Weissmann

Andreessen Horowitz's Crypto Team Advocates Measured Approach to Quantum Threats

chest

Andreessen Horowitz's crypto division, led by Justin Thaler, released a report arguing that fears about quantum computing's impact on blockchains are overstated, advocating for a measured approach to security.

user avatarEmily Carter

GeeFi Introduces Innovative Features for Investors

chest

GeeFi is set to launch its own Crypto Cards and offers a high-yield staking program.

user avatarTomas Novak

Securitize Brings Tokenization to Wall Street with BlackRock Fund

chest

Securitize is advancing tokenization on Wall Street by helping launch BlackRock's $2 billion USD Institutional Digital Liquidity Fund, enhancing liquidity in traditional financial markets.

user avatarKaterina Papadopoulou

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.