Ripple\u2019s native token emerged as the top performer in the past few weeks, surging from under $0.6 to a three-year peak of over $1.25. This means that the asset had finally awakened after Trump\u2019s victory in the elections and caught up to the rest of the market.<\/p>\n
According to data from Santiment, this massive rally, in which XRP more than doubled its value, was driven primarily by large purchases from whales and sharks. At the same time, retail investors were disposing of their tokens, perhaps to realize some gains.<\/p>\n
As reported<\/a> last week, whales\u2019 holdings skyrocketed to a 6.5-year high. Overall, whales and sharks accumulated over 450 million tokens (valued at nearly $530 million at the time) within just a week.<\/p>\n Santiment outlined that those tokens came from \u201cretail traders attempting to dump their coins on any small XRP rally.\u201d<\/p>\n \u201cHistorically, any cryptocurrency tends to see positive market cap growth when its key stakeholders are increasing their holdings and confidence, while simultaneous retail FUD fuels this growth more. This has been the exact scenario unfolding for crypto\u2019s now #6 market cap asset.\u201d \u2013 noted<\/a> the analytics platform.<\/p>\n <\/a>Ripple Whales Purchases. Source: Santiment<\/p>\n The XRP army rejoiced the asset\u2019s surge above $1 and posted numerous promising and a few outrageous predictions about its potential during this cycle.<\/p>\n Some of the more modest ones<\/a> forecasted that XRP could go to $1.5 next, before peaking at $1.96 or even $3.8. However, others indicated that XRP is preparing for a \u201cmega move\u201d that could push it to as high as $7.<\/p>\n A price tag of $7 would push Ripple\u2019s market cap to over $400 billion, which would place it as the second-largest cryptocurrency. For now, XRP would have to settle for a more modest one of $62 billion, which helped it reclaim<\/a> the sixth-position from Dogecoin.<\/p>\n The post Ripple Whales and Sharks Are Buying as Retail Are Selling: Is That Bullish for XRP?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple\u2019s native token emerged as the top performer in the past few weeks, surging from under $0.6 to a three-year peak of over $1.25. This means that the asset had finally awakened after Trump\u2019s victory in the elections and caught up to the rest of the market. According to data from Santiment, this massive rally, […]<\/p>\n","protected":false},"author":0,"featured_media":21961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21960"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21960"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21961"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Ripple Whales Purchases. Source: Santiment<\/p>\nThe XRP army rejoiced the asset\u2019s surge above $1 and posted numerous promising and a few outrageous predictions about its potential during this cycle.<\/p>\nSome of the more modest ones<\/a> forecasted that XRP could go to $1.5 next, before peaking at $1.96 or even $3.8. However, others indicated that XRP is preparing for a \u201cmega move\u201d that could push it to as high as $7.<\/p>\nA price tag of $7 would push Ripple\u2019s market cap to over $400 billion, which would place it as the second-largest cryptocurrency. For now, XRP would have to settle for a more modest one of $62 billion, which helped it reclaim<\/a> the sixth-position from Dogecoin.<\/p>\nThe post Ripple Whales and Sharks Are Buying as Retail Are Selling: Is That Bullish for XRP?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ripple\u2019s native token emerged as the top performer in the past few weeks, surging from under $0.6 to a three-year peak of over $1.25. This means that the asset had finally awakened after Trump\u2019s victory in the elections and caught up to the rest of the market. According to data from Santiment, this massive rally, […]<\/p>\n","protected":false},"author":0,"featured_media":21961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21960"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21960"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21961"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/1234-scaled.jpg\"){kind=link}