CandleFocus These are XRP's top holders by December 2024
2024-12-07
Author: Content Editor
The XRP price has surged by over 5% in the last 24 hours and has gained over 33% on the weekly chart. The cryptocurrency's success is attributed to its diverse distribution of tokens across institutional custodians, exchanges, and individual accounts. Ripple, the largest custodian of XRP, holds a significant share of the cryptocurrency's supply. Concerns have been raised about XRP's concentration in a few key entities, but it's important to note that Ripple does not control the XRP Ledger. XRP is predicted to reach $5.26 by December 11 based on its bullish momentum and technical setup. Despite this optimism, there is a possibility of XRP entering overbought territory and experiencing a pullback. XRP is also supported by strong fundamentals, including the post-election momentum and the nomination of a pro-crypto official as the head of the SEC.
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