CandleFocus Ripple Whales Accumulate $78M in XRP as Price Targets $4.50
2024-12-19
Author: Content Editor
In the ongoing market rally, XRP, the native cryptocurrency of Ripple Labs, has drawn significant attention. Crypto whales have purchased 30 million XRP tokens worth $78 million within 24 hours, with 920 million XRP tokens being bought from Binance. This increased activity has led to a notable price surge for XRP. The impending launch of Ripple USD (RLUSD) has also influenced market sentiment, with XRP surging over 6.10% within 24 hours and trading volume increasing by 41%. Technical analysts have identified a bullish flag and pole pattern, with the potential for XRP to reach $4.50. The market sentiment has shifted towards a bullish sideways trend, with sustained interest in XRP as a strategic investment. Overall, the alignment of various factors suggests a favorable environment for the growth of XRP in the near future.
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