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Ripple Whales Accumulate $78M in XRP as Price Targets $4.50
In a striking move, cryptic whales have amassed an astonishing $78 million worth of XRP tokens within the span of just 24 hours. This monumental influx of purchases has fueled speculation that XRP is poised to make a significant upward surge.
As reported by prominent crypto experts, the whales’ actions have led to a notable price increase for XRP, with a staggering 6.10% rise in just one day. This phenomenon has been accompanied by a remarkable 41% hike in trading volume, further fueling speculation that the cryptocurrency’s value is on an upward trajectory.
The impetus behind this surge can be attributed, at least partially, to the impending launch of Ripple USD (RLUSD). The excitement surrounding this event has sparked unprecedented interest among investors and traders alike, driving XRP’s price up by over 6%.
Furthermore, a bullish flag pattern in XRP’s charts has also contributed to the cryptocurrency’s current upward momentum. This alignment of fundamental indicators signals that XRP is poised for significant growth in the near future.
Ripple Whales’ involvement has undoubtedly added fuel to the fire, with their $78 million investment further solidifying the notion that this currency holds immense potential.
Source: cryptonewsland.com
