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XRP Price Update: Growth Prospects and Cryptocurrency Accumulation

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by Giorgi Kostiuk

8 months ago


XRP's price trajectory is once again capturing attention as it eyes a potential ATH. Meanwhile, Ripple whales engage in substantial accumulation activities.

Ripple Accumulation Strategy: In-Depth

Ripple whales have recently purchased 453.3 million XRP tokens, equivalent to $526 million, marking the largest acquisition in nearly three years. Analyst Armando Pantoja suggests whales are preparing for something significant as XRP gains renewed interest.

$XRP whales quietly bought 453.3M tokens, $526M in a week — 18% of the supply.Armando Pantoja

XRP/BTC Market Analysis and Growth Signals

Technical analysis shared by EGRAG CRYPTO highlights XRP's strengthening performance against Bitcoin (BTC). On the XRP/BTC trading pair, the price recently closed above a key resistance level, turning it into support, seen as crucial for sustained bullish momentum.

Community Optimism for New Highs

The XRP community, known for its optimism, is abuzz with discussions of a new ATH. Influential analyst Dark Defender reminded supporters of XRP's past achievements, where it surpassed expectations. He expressed confidence in XRP's ability to exceed its previous ATH of $3.84 with impressive speed.

People did not believe XRP could break 33 cents, but he did, by touching $1.99. Similarly, this time he broke 66 cents, by touching $1.26. Some people are still in doubt but he will break ATH.Dark Defender

Despite a recent 3.83% pullback, XRP shows a significant weekly gain. While currently trading at $1.10, the community believes in the potential to reach a new ATH and continue the upward trend.

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