The post Ripple Whales Bag 1B Coins Sparking Optimism, What’s Next? appeared on BitcoinEthereumNews.com.

In the latest XRP news, the whales are making headlines with their recent massive transactions. According to recent reports, the large investors have accumulated nearly 1 billion coins recently, reflecting the strong confidence of the investors towards the asset. Amid this, a top expert has revealed key price levels to watch for Ripple’s native crypto ahead, which has also caught the investors’ eyes. XRP News: Ripple Whales Making Big Move The Ripple whales are once again on their buying spree, as evidenced by the recent reports. This XRP news has further cemented bets towards a potential rally in the crypto’s price in the coming days. So, here we take a close look at the latest developments in the market. Whales Accumulate 1 Billion Coins In a recent X post, top market analyst Ali Martinez has shed light on the accumulation trend of the large investors or whales. According to his social media post, Ripple whales have purchased 1 billion XRP coins in only about two days, showcasing their robust interest in the coin. Source: Ali Martinez, X Meanwhile, this development also had an impact on the crypto’s price, as evidenced by its recent performance. However, this massive accumulation trend also comes after Ripple Labs recently moved 300 million XRP to an unknown wallet, valued at around $682 million, which has fueled market speculations. How’s XRP Price Performing? XRP price today was up around 1.2% and exchanged hands at $2.35, while its trading volume fell 9% to $4.9 billion. Notably, the crypto hovered between $2.36 and $2.26 in the last 24 hours, reflecting the impact of the Ripple whales buying on the price. Further, the asset’s Futures Open Interest rose 3% to $4.37 billion, CoinGlass data showed. Notably, here we explore the key levels to watch for the crypto, as highlighted…

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Filed under: News - @ January 11, 2025 10:18 am