The crypto market is buzzing as $XRP gains significant momentum, fueled by massive whale activity and growing optimism around an XRP-focused ETF. Over the past few weeks, the token has surged by an impressive 23%, reaching a multi-year high of $2.87. With major investors accumulating billions worth of XRP and regulatory winds potentially shifting in Ripple’s favor, the stage is set for XRP to challenge the $3 milestone.

Whale Activity Boosts XRP to Multi-Year High

  • Massive Accumulation:
    Whales holding between $1M and $10M XRP have accumulated $3.8B worth of XRP since November 2024, increasing their holdings by 37% in just two months.

  • Current Price Action:
    XRP hit an intraday high of $2.87, marking its highest price since December 2024, and surged 23% overall in recent weeks.

  • Market Cap Standing:
    With a market cap of $157.75B, $XRP has solidified its position as the third-largest cryptocurrency.

Key Drivers Behind the Rally

  1. ETF Optimism:
    Speculation surrounding the approval of an XRP-focused ETF has fueled market excitement, with banking giant JPMorgan predicting such an ETF could attract up to $8B in inflows.

  2. Whale Transactions:
    Recent whale transfers, including a 30.17M XRP ($80.6M) move from an unknown wallet to Coinbase, have sparked discussions about market sentiment and long-term strategies.

  3. Regulatory Developments:
    The upcoming departure of SEC Chair Gary Gensler has raised hopes of reduced regulatory pressure on Ripple, potentially paving the way for further XRP adoption.

Eyes on $3: What’s Next for XRP?

  • All-Time High in Sight:
    XRP is now just 16% shy of its all-time high, and analysts believe the token could soon breach the $3 mark, fueled by continued whale activity and ETF momentum.

  • Investor Interest Soars:
    XRP’s 24-hour trading volume has climbed to $14.08B, reflecting heightened market activity and investor confidence.

Community Buzz

The XRP community remains divided on the implications of recent whale moves, with debates around whether these are sell-off signals or strategic long-term positions. Regardless, the token's trajectory remains bullish, with significant interest from retail and institutional players alike.

Do you think XRP will hit $3 soon? Share your thoughts in the comments!


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