Can XRP 50x? Whale Buys Big Amid SEC Settlement Hopes
The post Can XRP 50x? Whale Buys Big Amid SEC Settlement Hopes appeared on BitcoinEthereumNews.com.
Key Notes Whale accumulation of over 880 million XRP in the past month highlights heightened investor interest, setting the stage for a potential rally. If history repeats, XRP could rise above the 2.618 Fibonacci level, potentially exceeding $123. The SEC and Ripple Labs are moving toward resolving their long-standing legal battle, with the SEC requesting to lift an injunction. Following the US Securities and Exchange Commission (SEC) filing a settlement agreement, XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B price has surged 10%, moving all the way to $2.4, with daily trading volumes surging 23% to more than $5.5 billion. Market analysts point out heavy whale accumulation for the XRP cryptocurrency, which could set the stage for a further rally. Xrp price could be preparing for a 50x rally Prominent crypto analyst Ali Martinez has revealed that whales have significantly increased their holdings of XRP. Over the past month, large-scale investors have accumulated more than 880 million XRP, underscoring heightened interest. This surge in whale activity aligns with broader bullish sentiment in the cryptocurrency market. Whales have accumulated over 880 million $XRP in the past month! pic.twitter.com/SQWf2U1yZB — Ali (@ali_charts) May 8, 2025 Crypto analyst Javon Marks has drawn comparisons between XRP’s 2017 price breakout and its current market structure. In 2017, XRP exited a pennant pattern and surged past the 2.618 Fibonacci level, reaching approximately $2.13. Marks further noted that in late 2024, XRP broke out of a similar but significantly larger pennant pattern. Thus, he added that if XRP follows its historical trajectory and reaches the 2.618 Fibonacci level again, it could result in a price exceeding $123. Such a move would represent a more than 50x increase from current levels, highlighting the immense potential some analysts see for XRP in the…
Filed under: News - @ May 9, 2025 4:29 pm