CandleFocus XRP Rallis to 6-Years High of $2.49, Backed by Ripple Whales and Retail Frenzy
2024-12-02
Author: Content Editor
Ripple's cryptocurrency, XRP, has reached a six-year high of $2.49, increasing by almost 30% in the last 24 hours. This surge follows years of challenges for XRP due to Ripple's legal battle with the SEC. The rally may be attributed to whale activity, as wallets holding 1 million to 10 million XRP accumulated $697.1 million within the past three weeks. There is also significant involvement from retail investors, with the number of XRP wallets reaching an all-time high of 5.5 million. Network growth and positive technical indicators suggest a rise in adoption and potential continuation of the rally. However, if XRP becomes overbought or whales sell off, the value could decrease to $1.61.
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