CandleFocus Pundit Says Something Big Is Coming for XRP
2024-11-19
Author: Content Editor
Crypto market pundit Armando Pantoja believes that XRP is on the verge of something significant as on-chain activity and accumulation of the token continue to surge. Pantoja points to the accumulation of XRP by whales, with 453.3 million XRP, worth $526 million, being stacked in a week. Whales holding between 1 million and 10 million XRP now command 18% of the circulating supply. Additionally, the number of whales holding 100,000 XRP and above has reached an all-time high of 51.59 billion XRP, accounting for 85% of the supply. Other analysts have also predicted ambitious price targets for XRP, with expectations ranging from $3 to $20. XRP has consolidated following a mild pullback and is currently trading at $1.105.
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