XRP wallets holding at least 10,000 tokens have recently grown to an all-time high number of 277K amid a recent price uptick, which has pushed XRP up by 25% in less than two weeks.
In the last 24 hours, XRP broke out significantly above $0.6 for the first time since August, when it tumbled from a major roadblock.
This remarkable achievement becomes even more significant when factoring that XRP traded around the $0.4801 territory two weeks ago. The asset’s latest price position implies it appreciated over 25% within this timeframe.
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In parallel, data shows XRP’s 24-hour volume grew by 57.66%. Notably, market participants have exchanged $2,193,718,910 ($2.19 billion) in XRP tokens over the last day.
Interestingly, these noteworthy metrics surrounding XRP coincide with a similarly outstanding development with major crypto investors.
Specifically, statistics from the reputable market tracking platform Santiment suggest that as XRP staged a comeback above $0.6, large XRP holders, whales, became more actively engaged with the asset.
Wallets Holding 10K+ XRP Hit ATH
In a recent tweet, Santiment disclosed that crypto addresses controlling no fewer than 10,000 XRP tokens reached an all-time high. Santiment noted that XRP rallied over 25% in twelve days while more wallets holding over 10,000 XRP appeared in the limelight.
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In particular, their number has now reached 277.62k. Notably, this figure represents the sum of all shark and whale XRP wallets that hold 10,000 XRP tokens and more.
$1M XRP Txns Hits 3-Month High
Meanwhile, the market chart accompanying Santiment’s tweet highlighted more noteworthy actions from XRP whales. It noted that influential XRP investors have resumed transacting $1 million in XRP after being passive since August.
Specifically, XRP transactions valued over $1 million spiked in the last days of October, reaching their highest level in three months. According to the market tracker, between October 18 and October 26, 255 such whale transactions were recorded. However, the XRP $1 million whale transactions receded in the last five days of the month.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP's potential price ceiling is a subject of much debate among analysts and investors. While some optimistic predictions suggest XRP could reach triple-digit values, a more realistic outlook based on current market trends and Ripple's use case points to a maximum XRP prices range of $5 to $10 in the next 5-10 years.
XRP up 20% after Judge fines Ripple $125M, ending four-year-long lawsuit with SEC. Ripple to pay $125 million fine in civil penalties, rules Judge. The Judge also banned Ripple from breaking securities laws in the future. XRP skyrocketed by 20% after the ruling despite wider market dump.
Yes.It can. People will often mention the market cap being too high for this to happen. There are 100 billion XRP not all are in Circulation and at any one time a fraction of that will be available.
Add in the fact that the crypto market recently witnessed a mini-crash, and it's easy to see why investors might be scared off speculative risk assets like XRP. That being said, there's a clear path to XRP doubling in price to $1 by 2025, and I think that will be the next big move for Ripple's XRP.
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Hey, the safest way to store XRP coins from Binance is by using a secure wallet. One option is the Ledger Nano S hardware wallet, which is known for its security features and support for XRP. While the Ledger Nano S is not free, it's highly recommended for storing XRP and other cryptocurrencies securely.
The XRPL wallet secret key is a 29-character long alphanumeric string starting with the letter “s”. You can use the secret key to import a wallet to another account.
At a $1,000 price, the market would need to move 1 billion XRP tokens to account for a $1 trillion volume and 20 billion tokens for a $20 trillion volume. For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.
The price of XRP spiked 26% following the ruling, which Ripple CEO Brad Garlinghouse characterized as a "victory" for the company and the crypto industry. Crypto legal experts indicate an appeal is likely, so the Ripple vs. SEC saga may not be completely over.
But XRP wasn't finished. In 2021, as the entire cryptocurrency market was caught in a bull market frenzy, XRP again provided significant returns to investors who got in at the right time. “Within six months, the cryptocurrency had increased by an impressive 710% to $US1.
According to the latest data available, there are approximately 10,000 XRP accounts holding between 5000 and 10000 XRP. This represents a small percentage of the total number of XRP accounts in existence.
At a $1,000 price, the market would need to move 1 billion XRP tokens to account for a $1 trillion volume and 20 billion tokens for a $20 trillion volume. For XRP to clinch a $1,000 price, it would need to skyrocket by a massive 188,543% from its current value of $0.5301.
There are several factors on which one can make an assumption regarding whether ripple will reach the price of $50 or not. However, in general terms, it's highly unlikely for Ripple to reach this level because its market cap isn't that high, and isn't likely to reach higher levels in the next five years.
Introduction: My name is Merrill Bechtelar CPA, I am a clean, agreeable, glorious, magnificent, witty, enchanting, comfortable person who loves writing and wants to share my knowledge and understanding with you.
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