CandleFocus XRP network sees surge in whale transactions
2025-01-16
Author: Content Editor
XRP's network is experiencing a rise in large-value transactions, with the number of transactions over $1 million increasing. These transactions are believed to be made by XRP whales, indicating increased market participation and confidence. XRP's price has also reached $3, the highest since January 2018, and has seen a 14.45% increase in the last 24 hours. A veteran trader pointed out a half-mast flag pattern on XRP's weekly chart, predicting a potential 262% increase in market capitalization if the pattern completes bullishly. Meme coins on the XRP Ledger have also seen significant value increases. The price surge coincides with rumors of an XRP-based ETF approval and anticipation of new developments in the Ripple lawsuit by the SEC.
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