After the news of Gary Gensler stepping down in January, XRP has experienced strong activity, with Ripple whales adding over 250 million tokens to their holdings. This has fueled a 200% rally in XRP's price this month. The futures market for XRP has also broken records, reaching $2.50 billion in open interest. There is optimism in the market regarding the launch of an IPO and the arrival of an XRP ETF in Q1 of 2025. Whales' accumulation and the high futures open interest indicate confidence in XRP's future. Analysts are setting short-term targets of $2 for XRP, with some predicting it could reach $20 in the longer run. XRP's recent price surge and positive technical factors suggest bullish momentum ahead for the cryptocurrency.



Other News from Today