In the latest XRP news, the Ripple whales are making headlines with their latest buying spree. This comes amid a flurry of positive developments noted in the market, which appears to have boosted the market confidence while aiding in a strong recovery for XRP price. Simultaneously, the ex-Ripple executive also teases good news for the community, which appears to have bolstered investors’ sentiment.

XRP News: Ripple Whales Accumulates 120M Coins

The Ripple whales are making headlines in the XRP news section due to their heavy accumulation recently. It appears that as the crypto market crashed yesterday, large investors took the opportunity to buy the dip, which has helped in a strong recovery for Ripple’s native crypto.

Notably, in a recent X post, the top market expert Ali Martinez said that the whales have accumulated 120 million XRP recently. This reflects the investors’ strong confidence in the asset. Besides, it also comes in tandem with the outlook of the experts, who remained bullish on XRP despite the gloomy start of the week.

Source: Ali Martinez, X

Ex-Ripple Teases Good News Ahead

The buzz in the XRP community is evidenced by the recent surge in the crypto’s price. In addition, Ripple securing Money Transmitter Licenses in New York and Texas has further fueled market sentiment. This also reflects the US regulatory shift towards a pro-crypto environment under Trump’s presidency.

Meanwhile, amid this, ex-Ripple Sean McBride sparked discussions with his recent tease over upcoming good news for the community. In a recent X post, McBride teased that the upcoming “XRP Community Day” will bring news that will make everyone happy.

While keeping details under wraps, McBride expressed optimism about XRP’s future, reiterating his earlier prediction of an XRP ETF launch this year. His comments have sparked excitement among XRP enthusiasts, who are eagerly awaiting the announcement.

In addition, he said that the broader crypto community “still need a regulatory framework.” Once it happens, McBride noted that it will aid in Ripple’s success. Besides, he also predicted that RippleNet revenue is likely to double on a year-over-year basis.

What’s Next For XRP Price?

XRP price today delivered gains of 13% and traded at $3.12, while its one-day trading volume rocketed 81% to $13.6 billion. Notably, the crypto has touched a 24-hour high of $3.14, recovering from a low of $2.71. Further, CoinGlass data showed that XRP Futures Open Interest rose 9%, reflecting the bullish sentiment dominating the market.

Having said that, all eyes are now on the upcoming XRP Community Day, with soaring anticipation towards a flurry of positive announcements. This also comes amid soaring speculations over a potential US XRP Reserve, which has attracted massive criticism from the Bitcoin maxis recently.

On the other hand, the investors are also keeping close track of the long-running XRP lawsuit developments. Notably, Sean McBride also predicted a potential settlement in the Ripple Vs SEC case as a “next” positive update for the community.

Considering all these aspects, it appears that the XRP price is gearing up for a further rally in the coming days. Amid this, top market expert Dark Defender set the next target for the crypto at $3.62, echoing the current market sentiment.

Source: Dark Defender, X

The post XRP News: Whales Buy 120M Coins As Ex-Ripple Hints At Good News Ahead appeared first on CoinGape.

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Filed under: News - @ January 28, 2025 8:03 am