Ripple Whales’ Massive Buying Hints At Rally To $3
The post Ripple Whales’ Massive Buying Hints At Rally To $3 appeared on BitcoinEthereumNews.com.
XRP News: The Ripple whales have continued to bag more coins amid the recent market crash, indicating a bullish momentum ahead of the crypto. Besides, the recent performance of XRP, as well as the broader crypto market, also signals that investors are once again entering the market after a recent pause. Simultaneously, the recent Ripple developments also indicate that the momentum remains strong for the future trajectory of the coin. XRP News: Ripple Whales Bag 80M Coins Amid Market Crash In the latest XRP news, Ripple whales have once again fueled speculations with their recent moves. According to reports, the whales have continued their buying spree as the broader crypto market crashed recently, giving investors a buy-the-dip opportunity. For context, Bitcoin and top altcoins have recorded sharp declines recently, which has created a buying opportunity at a dip for many investors. Prominent crypto market analyst Ali Martinez highlighted the buying trend for XRP. He noted that the whales have accumulated 80 million coins since December 17, when the market started declining after a robust run over the past few days. In addition, other big transfers of the tokens have also fueled speculations in the digital assets space, especially amid the recent developments. Source: Ali Martinez, X Meanwhile, Donald Trump’s election win has already fueled market optimism this year. In addition, crypto has been crucial this year, with Trump pledging to make the US the crypto capital. This has also triggered speculations over a potential rally ahead for the crypto issued by US-based firms. Additionally, the blockchain firm also reportedly made a significant contribution to Donald Trump’s inauguration recently alongside other crypto firms. According to a FOX Business report, Ripple is reportedly planning to donate $5 million to the fund, with Coinbase and Kraken giving $1 million each. This has further…
Filed under: News - @ December 21, 2024 9:22 am