$XRP
XRP Whale Secretly Buys—120 Million XRP, shared by market analyst Ali Martinez in a recent X post, this move highlights growing confidence in XRP among major players. This strategic buying aligns with a broader bullish sentiment, even after a challenging start to the week.
Ex-Ripple Exec Hints at Big Announcements
Recent positive developments, such as Ripple securing Money Transmitter Licenses in New York and Texas, have bolstered market sentiment. Adding to the excitement, ex-Ripple executive Sean McBride teased upcoming news for the “XRP Community Day” event, suggesting it would delight the community.
While keeping details vague, McBride expressed optimism for XRP’s future, reiterating his belief in the potential launch of an XRP ETF this year. He also emphasized the importance of regulatory clarity, stating it would be a game-changer for Ripple and the broader crypto market. McBride further predicted that RippleNet revenue could double year-over-year, signaling robust growth ahead.
XRP Price Action and Future Outlook
XRP is showing strong momentum, with its price climbing 13% to $3.12 today. The 24-hour trading volume surged by 81% to $13.6 billion, and XRP touched a daily high of $3.14 after rebounding from a low of $2.71. CoinGlass data also reported a 9% rise in XRP Futures Open Interest, underscoring the market’s optimistic outlook.
Looking ahead, all eyes are on XRP Community Day, where significant announcements are expected. There’s also rising speculation around the possibility of a U.S. XRP Reserve, which has sparked debates within the crypto community.
Additionally, investors remain focused on the ongoing Ripple vs. SEC case. McBride hinted that a settlement could be the next major development, further strengthening market sentiment.
With these factors in play, XRP appears well-positioned for further gains. Market expert Dark Defender has set the next target at $3.62, reflecting the current bullish momentum