• bitcoinBitcoin (BTC) $ 66,551.00
  • ethereumEthereum (ETH) $ 3,598.89
  • tetherTether (USDT) $ 0.999343
  • bnbBNB (BNB) $ 608.56
  • solanaSolana (SOL) $ 149.22
  • staked-etherLido Staked Ether (STETH) $ 3,597.52
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.489258
  • dogecoinDogecoin (DOGE) $ 0.136114
  • the-open-networkToncoin (TON) $ 8.02
  • cardanoCardano (ADA) $ 0.416103
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • avalanche-2Avalanche (AVAX) $ 29.86
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 66,661.00
  • tronTRON (TRX) $ 0.116645
  • chainlinkChainlink (LINK) $ 15.10
  • polkadotPolkadot (DOT) $ 6.38
  • uniswapUniswap (UNI) $ 11.59
  • bitcoin-cashBitcoin Cash (BCH) $ 427.81
  • nearNEAR Protocol (NEAR) $ 5.65
  • litecoinLitecoin (LTC) $ 78.71
  • matic-networkPolygon (MATIC) $ 0.619790
  • wrapped-eethWrapped eETH (WEETH) $ 3,743.03
  • leo-tokenLEO Token (LEO) $ 5.90
  • daiDai (DAI) $ 0.998750
  • pepePepe (PEPE) $ 0.000012
  • internet-computerInternet Computer (ICP) $ 9.43
  • kaspaKaspa (KAS) $ 0.157411
  • ethereum-classicEthereum Classic (ETC) $ 25.47
  • fetch-aiFetch.ai (FET) $ 1.47
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,580.47
  • aptosAptos (APT) $ 7.87
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • moneroMonero (XMR) $ 177.51
  • render-tokenRender (RNDR) $ 8.35
  • hedera-hashgraphHedera (HBAR) $ 0.085787
  • filecoinFilecoin (FIL) $ 5.25
  • mantleMantle (MNT) $ 0.897419
  • stellarStellar (XLM) $ 0.098740
  • cosmosCosmos Hub (ATOM) $ 7.21
  • blockstackStacks (STX) $ 1.90
  • okbOKB (OKB) $ 45.89
  • arbitrumArbitrum (ARB) $ 0.922335
  • crypto-com-chainCronos (CRO) $ 0.098680
  • dogwifcoindogwifhat (WIF) $ 2.58
  • immutable-xImmutable (IMX) $ 1.70
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999934
  • injective-protocolInjective (INJ) $ 25.04
  • suiSui (SUI) $ 0.955788
  • optimismOptimism (OP) $ 2.09
  • makerMaker (MKR) $ 2,431.60
  • the-graphThe Graph (GRT) $ 0.235681
  • vechainVeChain (VET) $ 0.029502
  • bittensorBittensor (TAO) $ 307.06
  • notcoinNotcoin (NOT) $ 0.020065
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,992.40
  • flokiFLOKI (FLOKI) $ 0.000205
  • lido-daoLido DAO (LDO) $ 2.16
  • arweaveArweave (AR) $ 28.42
  • jasmycoinJasmyCoin (JASMY) $ 0.037375
  • fantomFantom (FTM) $ 0.636547
  • ondo-financeOndo (ONDO) $ 1.18
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,723.52
  • theta-tokenTheta Network (THETA) $ 1.69
  • bonkBonk (BONK) $ 0.000025
  • bitget-tokenBitget Token (BGB) $ 1.15
  • thorchainTHORChain (RUNE) $ 4.66
  • celestiaCelestia (TIA) $ 8.06
  • based-brettBrett (BRETT) $ 0.155771
  • coredaoorgCore (CORE) $ 1.63
  • whitebitWhiteBIT Coin (WBT) $ 9.61
  • eosEOS (EOS) $ 0.652349
  • pyth-networkPyth Network (PYTH) $ 0.361950
  • aaveAave (AAVE) $ 85.35
  • sei-networkSei (SEI) $ 0.414000
  • algorandAlgorand (ALGO) $ 0.154502
  • ethenaEthena (ENA) $ 0.763260
  • jupiter-exchange-solanaJupiter (JUP) $ 0.914558
  • starknetStarknet (STRK) $ 0.931193
  • quant-networkQuant (QNT) $ 82.95
  • galaGALA (GALA) $ 0.033015
  • cheeleeCheelee (CHEEL) $ 20.54
  • flare-networksFlare (FLR) $ 0.027099
  • gatechain-tokenGate (GT) $ 8.58
  • flowFlow (FLOW) $ 0.720216
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,632.21
  • beam-2Beam (BEAM) $ 0.020144
  • kucoin-sharesKuCoin (KCS) $ 10.40
  • axie-infinityAxie Infinity (AXS) $ 6.70
  • bitcoin-svBitcoin SV (BSV) $ 49.27
  • bittorrentBitTorrent (BTT) $ 0.000001
  • ordinalsORDI (ORDI) $ 45.50
  • zebec-protocolZebec Protocol (ZBC) $ 0.018580
  • tokenize-xchangeTokenize Xchange (TKX) $ 11.65
  • dydx-chaindYdX (DYDX) $ 1.52
  • elrond-erd-2MultiversX (EGLD) $ 33.19
  • neoNEO (NEO) $ 12.70
  • chilizChiliz (CHZ) $ 0.100619
  • pendlePendle (PENDLE) $ 5.66
  • the-sandboxThe Sandbox (SAND) $ 0.382184
  • gnosisGnosis (GNO) $ 330.25
  • roninRonin (RON) $ 2.58
  • worldcoin-wldWorldcoin (WLD) $ 3.45
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,600.41
  • wormholeWormhole (W) $ 0.454517
  • akash-networkAkash Network (AKT) $ 3.34
  • tezosTezos (XTZ) $ 0.809783
  • oasis-networkOasis Network (ROSE) $ 0.118501
  • singularitynetSingularityNET (AGIX) $ 0.616588
  • msolMarinade Staked SOL (MSOL) $ 178.28
  • conflux-tokenConflux (CFX) $ 0.191053
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.92
  • nexoNEXO (NEXO) $ 1.34
  • livepeerLivepeer (LPT) $ 22.67
  • mina-protocolMina Protocol (MINA) $ 0.656679
  • usddUSDD (USDD) $ 0.999686
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.007250
  • havvenSynthetix Network (SNX) $ 2.19
  • ecasheCash (XEC) $ 0.000036
  • dexeDeXe (DEXE) $ 12.56
  • decentralandDecentraland (MANA) $ 0.384541
  • book-of-memeBOOK OF MEME (BOME) $ 0.010355
  • frax-etherFrax Ether (FRXETH) $ 3,593.04
  • fasttokenFasttoken (FTN) $ 2.21
  • lido-staked-solLido Staked SOL (STSOL) $ 176.11
  • safeSafe (SAFE) $ 1.59
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.52
  • aioz-networkAIOZ Network (AIOZ) $ 0.616467
  • apecoinApeCoin (APE) $ 1.07
  • klay-tokenKlaytn (KLAY) $ 0.179419
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,857.92
  • fraxFrax (FRAX) $ 0.998105
  • swethSwell Ethereum (SWETH) $ 3,798.86
  • iotaIOTA (IOTA) $ 0.190567
  • mantra-daoMANTRA (OM) $ 0.750757
  • kavaKava (KAVA) $ 0.557673
  • rocket-poolRocket Pool (RPL) $ 28.77
  • nervos-networkNervos Network (CKB) $ 0.013123
  • tether-goldTether Gold (XAUT) $ 2,333.14
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000104
  • heliumHelium (HNT) $ 3.42
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,909.11
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.109533
  • magaMAGA (TRUMP) $ 11.85
  • axelarAxelar (AXL) $ 0.780956
  • theta-fuelTheta Fuel (TFUEL) $ 0.081578
  • aevo-exchangeAevo (AEVO) $ 0.626272
  • 1inch1inch (1INCH) $ 0.420710
  • illuviumIlluvium (ILV) $ 79.72
  • blurBlur (BLUR) $ 0.309198
  • ioio.net (IO) $ 5.43
  • xdce-crowd-saleXDC Network (XDC) $ 0.034128
  • bitcoin-goldBitcoin Gold (BTG) $ 28.27
  • true-usdTrueUSD (TUSD) $ 0.998046
  • iotexIoTeX (IOTX) $ 0.050340
  • corgiaiCorgiAI (CORGIAI) $ 0.001370
  • woo-networkWOO (WOO) $ 0.248388
  • stader-ethxStader ETHx (ETHX) $ 3,703.76
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.11
  • ether-fiEther.fi (ETHFI) $ 4.02
  • raydiumRaydium (RAY) $ 1.74
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000022
  • astarAstar (ASTR) $ 0.078445
  • arkhamArkham (ARKM) $ 1.89
  • pax-goldPAX Gold (PAXG) $ 2,329.75
  • memecoin-2Memecoin (MEME) $ 0.021291
  • apenftAPENFT (NFT) $ 0.00000043
  • golemGolem (GLM) $ 0.427755
  • polymeshPolymesh (POLYX) $ 0.398826
  • aerodrome-financeAerodrome Finance (AERO) $ 0.850547
  • paypal-usdPayPal USD (PYUSD) $ 0.998273
  • manta-networkManta Network (MANTA) $ 1.28
  • curve-dao-tokenCurve DAO (CRV) $ 0.332777
  • stepnGMT (GMT) $ 0.193883
  • ocean-protocolOcean Protocol (OCEAN) $ 0.627366
  • dydxdYdX (ETHDYDX) $ 1.52
  • compound-ethercETH (CETH) $ 72.24
  • echelon-primeEchelon Prime (PRIME) $ 9.90
  • usdbUSDB (USDB) $ 0.999878
  • osmosisOsmosis (OSMO) $ 0.608269
  • kusamaKusama (KSM) $ 26.64
  • wemix-tokenWEMIX (WEMIX) $ 1.09
  • pepecoin-2PepeCoin (PEPECOIN) $ 3.31
  • biconomyBiconomy (BICO) $ 0.472119
  • mx-tokenMX (MX) $ 3.83
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004266
  • safepalSafePal (SFP) $ 0.811958
  • aragonAragon (ANT) $ 9.21
  • compound-governance-tokenCompound (COMP) $ 53.79
  • radixRadix (XRD) $ 0.034857
  • zilliqaZilliqa (ZIL) $ 0.019693
  • holotokenHolo (HOT) $ 0.002052
  • superfarmSuperVerse (SUPER) $ 0.800476
  • dymensionDymension (DYM) $ 2.04
  • celoCelo (CELO) $ 0.665369
  • terra-luna-2Terra (LUNA) $ 0.518848
  • jito-governance-tokenJito (JTO) $ 2.89
  • ankrAnkr Network (ANKR) $ 0.034826
  • altlayerAltLayer (ALT) $ 0.229080
  • 0x0x Protocol (ZRX) $ 0.413600

XRP Whales Are Responsible for This 23% Price Increase, But There’s More

0 116

The cryptocurrency space has witnessed a remarkable 23% surge in XRP’s value against Bitcoin in just the span of a week, with the Ripple Ledger (XRPL) coin crossing the $0.68 mark for the first time since early August. Notably, wallets containing between 100K and 1 billion XRP have amassed the largest proportion of the digital asset this year, accounting for 45.8% of the total supply. But what does this imply for the market and XRP’s trajectory?

Analyzing the recent uptick, several factors come into play. First, the social dominance metric, an indicator of market sentiment, has seen a significant spike — the highest since mid-July. This surge in social media conversations surrounding XRP could reflect growing interest or speculative hype, which often precedes price movements.

XRP Whales Are Responsible for This 23% Price Increase, But There's More

Furthermore, the technical outlook is favorable, with XRP’s price movement above both the 50-day and 200-day EMAs, suggesting a bullish trend. The potential bullish crossover of these EMAs might indicate sustained price appreciation in the near term. The Relative Strength Index (RSI), comfortably above the neutral 50 mark, underscores this bullish sentiment, hinting at a continued uptrend.

Recent headlines have been a mixed bag of regulatory advancements and speculative analyses. The SEC’s dropping the charges against Ripple’s leaders certainly played a role in the immediate price lift. Moreover, XRP’s regulatory approval in Dubai serves as a beacon of institutional acceptance, possibly opening the floodgates for further integrations and use cases in financial services.

Echoing the sentiment of market analysts, a supposed 39-month cycle trend suggests a significant breakout is on the horizon for XRP. While predictions such as a rise to $1,000 seem overly optimistic, they highlight the community’s confidence in XRP’s potential.

Source

Leave A Reply

Your email address will not be published.