XRP Price Targets $3 Amid Ripple Whale Movement – What's Next?
Key Insights:
20 million XRP (over $50 million) have been transferred, indicating potential large-scale trading or strategic movement by one of the whales, which may help in boosting XRP's price momentum.
XRP flips Tether with a market capitalization of $152 billion after rising 10% to reach $2.60, securing the third position in cryptocurrency rankings.
Open interest in XRP futures contracts rose by 14.42% to $5.29 billion; the options volume increased by 76%, indicating rising trader confidence.
A large XRP deal worth over $50 million has attracted market attention, as Ripple briefly held the third position in the global cryptocurrency market. On-chain data revealed that 20 million XRP were transferred from an unknown wallet to Bithumb, sparking renewed interest among traders. Meanwhile, Ripple maintained price levels above $2.50, with $2.65 now considered the next short-term target, although a pullback to $2.42 remains possible.
Ripple XRP Regains Third Place After Surpassing Tether's Market Cap
XRP has reclaimed its position as the third-largest cryptocurrency by market cap, surpassing Tether (USDT) after its price rose to $152 billion.
