• 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

Umbra's Public Launch Follows High Demand for Privacy Solutions

chest

Umbra's public launch follows high demand for privacy solutions.

user avatarAyman Ben Youssef

Umbra Launches Privacy Wallet on Solana

chest

Umbra has officially launched its privacy wallet on Solana, enabling private on-chain transactions and fully shielded transfers between private addresses.

user avatarKofi Adjeman

Umbra Introduces Encrypted Finance Infrastructure

chest

Umbra introduces a secure wallet utilizing Arcium's encrypted execution engine for processing transactions on the blockchain.

user avatarTando Nkube

Umbra Wallet Enhances Privacy and Compliance

chest

The Umbra wallet offers complete confidentiality for transactions while integrating compliance tools.

user avatarNguyen Van Long

Grant Cardone Predicts Bitcoin Price at $280,000

chest

Grant Cardone claims Bitcoin should be valued at $280,000, raising questions about market implications.

user avatarSatoshi Nakamura

HSBC Significantly Lowers Tesla Stock Price Target

chest

HSBC has significantly lowered its 12-month target for Tesla's stock from 133 to 119, maintaining a Sell rating amid concerns about brand damage and competition.

user avatarRajesh Kumar

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.