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CoinGape 2024-12-24 08:22:49

XRP News: Ripple Whales Buy 40M Coins Sparking Speculations Over Rally To $3.5

XRP News: Ripple whales have maintained the buying trend amid a recent dip in the asset’s price. According to recent reports, the whales have purchased over 40 million tokens recently, indicating that investors are taking a buy-the-dip opportunity amid a volatile scenario noted in the broader crypto market. Other positive market trends alongside the buying spree also fueled speculations over XRP’s potential rally to $3.5 ahead. XRP News: Ripple Whales Bags 40 Million Coins Investors are keeping close track of the latest XRP news, especially after the crypto recently recorded massive volatility. Notably, the crypto’s pullback comes amid a volatile trading scenario noted in the broader crypto market. However, despite the recent pullback, the crypto has recorded a strong recovery today, soaring more than 3%. This indicates the growing confidence of the investors towards the asset. Besides, Ripple CLO Stuart Alderoty has recently called for an end to the ongoing SEC lawsuit, as the firm marks the fourth anniversary of the case. Amid this, top crypto market expert Ali Martinez highlighted a continuing buying trend among investors. In a recent X post, Martinez noted that Ripple whales had accumulated 40 million XRP recently, indicating the growing confidence of the investors. Besides, the XRP whales have moved more than $132 million in XRP recently, sparking speculations over the potential reason behind the transfers. Source: Ali Martinez, X As the crypto recorded a pullback, it appears that many investors, especially whales, have taken the opportunity to buy the asset at lower prices. This indicates that the investors have shrugged off concerns over the recent decline while focusing on the long-term trajectory of the token. Will Ripple’s Coin Hit $3.5? XRP price today was up 3.2% and exchanged hands at $2.25 and its one-day trading volume slipped 37% to $7.63 billion. Notably, the crypto has touched a high of $2.27 in the last 24 hours, while hitting a low of $2.14. Furthermore, XRP Futures Open Interest rose more than 7%, indicating strong market confidence. Amid this, popular crypto market expert Bark (@barnmeta) urged investors to “keep accumulating” the token, as it is poised to “make history in 2025.” Besides, he also predicted XRP to hit $3.5 in a separate post, which has further fueled market optimism. Source: Bark, X Meanwhile, this comes as the market is gearing up for another robust rally in the broader market, with Donald Trump’s inauguration on Jan 20 in focus. Having said that, the market is expecting a pro-crypto regulatory environment in the US, which could also lead to the approval of the XRP ETF . On the other hand, Ripple’s stable RLUSD has been recently listed by the Independent Reserve exchange, marking its first listing in Singapore. This has further fueled optimism over the growing popularity of Ripple in global markets, which could boost the prices higher ahead. The post XRP News: Ripple Whales Buy 40M Coins Sparking Speculations Over Rally To $3.5 appeared first on CoinGape .

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