The price of Ripple's native token, XRP, has been surging in the cryptocurrency market. However, concerns have been raised about a potential sell-off as whales and investors have been dumping their holdings on Binance, resulting in an increase of 80 million XRP tokens in the exchange's reserve. Despite this, the price of XRP has remained neutral and continues to show consistent growth. XRP is currently trading near $3.39, with a 16% increase in the past 24 hours. A crypto expert believes that buying XRP at $2.48 would have been a better investment and suggests that XRP is still undervalued and has the potential to soar in the coming days. Technical analysis also indicates that XRP appears bullish, with the potential to reach $4.45 in the near future. However, the outcome may be influenced by the inauguration of President-elect Donald Trump.
Content Editor ( coinpedia.org )
- 2025-01-16
80 Million XRP Moves to Exchanges, Correction Incoming?
