XRP has drawn significant attention as major investors, known as whales, made bold moves during a recent market dip.
Reports indicate that over 100 million XRP tokens were acquired by these investors, sparking optimism for a potential price recovery.
Crypto analyst Ali Martinez revealed that whales took advantage of the market crash, amassing XRP in a strategic “buy-the-dip” approach. While this has fueled bullish sentiment, concerns arise from contrasting data showing over 2.66 billion XRP transferred to Binance in the past month, increasing exchange supply and adding uncertainty to the market outlook.
XRP has shown resilience, rising 6% intraday to $2.369, with technical indicators pointing to further gains. Analysts note a breakout from an eight-year bullish pennant, a pattern associated with major upward momentum.
Ripple Labs’ approval from NYDFS for its RLUSD stablecoin adds further optimism, signaling progress in Ripple’s ecosystem. As the token’s price movements unfold, the combined impact of whale activity and Ripple’s developments will be closely monitored.
Zak Cole, a prominent Ethereum core developer, has unveiled a bold new initiative aimed at significantly expanding the Ethereum ecosystem and driving the price of ETH to $10,000.
According to a new report by CryptoQuant, Chainlink (LINK) is locked in a prolonged accumulation phase between $12 and $15, driven by aggressive whale behavior amid muted retail participation.
Fartcoin (FARTCOIN) has gone up by 14.4% in the past 24 hours as meme coins as a whole are rallying during today’s session. The launch of a Solana exchange-traded fund (ETF) this week along with Canary Capital’s positive steps toward getting a Pudgy Penguins (PENGU) ETF approved are favoring a bullish Fartcoin price prediction. Fartcoin. […]
The newly launched SSK Solana Staking ETF delivered a standout performance on its first trading day, ranking in the top 1% of all ETF launches, according to Bloomberg ETF analyst Eric Balchunas.