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.