The price of Ripple's XRP has increased by 6% as major holders, known as whales, have been accumulating over 700 million XRP tokens in the past two weeks. This has led to a drop in exchange reserves for XRP on Binance and Upbit by 500 million, indicating rising demand for the token. Analysts predict that XRP could soon reach $3.31 and potentially soar to $99, marking a 69X increase from current levels. The rally in XRP is driven by increased confidence from whales and institutional backing, such as Ripple's partnership with Bitwise to rebrand a European XRP fund. However, profit-taking by investors could pose short-term challenges. Despite this, analysts remain bullish on the long-term potential of XRP and predict it could reach $2.58 and eventually $3.31. Achieving $99 would require continued support from whales, institutional interest, and broader adoption of crypto products.



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