XRP has experienced a remarkable rally, climbing to $1.84 and achieving its highest value in over three years, with a staggering 267% increase this month.
This surge is fueled by rising demand, institutional interest in crypto payments, and a favorable regulatory environment in the U.S.
Analysts suggest that XRP’s growth is driven by its strong position in global payments and improved sentiment toward cryptocurrencies. Large holders, or “whales,” have accumulated over $1.12 billion in XRP recently, reflecting confidence in its long-term potential.
However, this accumulation raises questions about possible profit-taking as the altcoin approaches the $2.00 mark.
Breaking the $2.00 resistance could further boost XRP, attracting more investors and pushing its price higher. Yet, a market correction or whale sell-offs could pose risks. For now, XRP’s upward trend appears intact, with potential for continued growth in the weeks ahead.
Ella Zhang, head of YZi Labs (formerly Binance Labs), has observed a noticeable change in crypto investment patterns.
21Shares has decided to shut down its Bitcoin and Ethereum futures ETFs, with liquidation expected to take place by March 28.
Solana has recently dipped to its lowest value since August 2024, prompting analysts at MakroVision to examine its price movement and determine what might come next.
A notable cryptocurrency whale, known for its high-stakes trading maneuvers, appears to have shifted focus from Ethereum (ETH) to Chainlink (LINK).