Large Quantity of Ripple (XRP) Purchased in Two Days: Could Price Reach $3.60?
Ripple's digital token, XRP, is currently trading just above the identified buying range, hovering at around $3.31. This price point represents an approximately 9% increase in a day, following the closure of the long-running SEC case against Ripple. The surge in XRP's price is accompanied by a significant increase in trading volume, with daily volumes reaching $8.77 billion in the last 24 hours—a 69% increase from the previous day.
This bullish momentum has not gone unnoticed by market experts. Mr. Xoom, Head of Marketing at XPMarket, predicts that XRP could potentially reach $6 to $8 by August 2025. These targets are based on technical momentum, bullish sentiment, and the regulatory clarity brought about by the settlement.
While more aggressive price predictions suggest potential surges as high as nearly $49, these are considered more speculative and longer-term. A more conservative near-term target is around $4, which aligns with many traders’ expectations given the current momentum.
The $3.27 level is seen as a key point of interest for XRP. If this level is broken, a potential rally toward $3.6 and new all-time highs could be within reach. Analyst Ali Martinez has noted that this level is particularly significant for XRP.
Recent whale activity has seen large holders, known as whales, purchasing 900 million XRP in the last 48 hours. Despite a whale sell-off worth $1.9 billion on August 8, 2022, which paradoxically coincided with continued price gains and institutional interest, the upward price trend has not been deterred so far.
The Ripple-SEC settlement has undoubtedly boosted investor confidence, leading analysts to generally forecast a strong upside toward $4 in the short term and potentially $6–$8 by August 2025. This bullish sentiment is driven by both technical factors and the regulatory clarity settling the long-running lawsuit.
- Market experts like Mr. Xoom from XPMarket are predicting that Ripple's digital token, XRP, could potentially reach $6 to $8 by August 2025, based on technical momentum, bullish sentiment, and the regulatory clarity brought about by the settlement.
- A more conservative near-term target for XRP is around $4, which aligns with many traders’ expectations, given the current momentum and the Ripple-SEC settlement that has boosted investor confidence.
- The upward trend of XRP's price has not been deterred, even after a significant whale sell-off worth $1.9 billion on August 8, 2022, due to continued institutional interest and the bullish sentiment driven by both technical factors and the regulatory clarity settling the long-running lawsuit.
%20Purchased%20in%20Two%20Days%3A%20Could%20Price%20Reach%20%243.60%3F){kind=link}