XRP prepares for major price movements

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Last Updated on 24 December 2024 by CryptoTips.eu

XRP is in the spotlight as analysts and traders speculate about a significant price surge. With indications of a bullish trend and impressive whale activity, the popular cryptocurrency is being assessed as one of the most promising assets for the coming weeks. Here are the latest developments surrounding XRP, including price predictions and market movements.

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Whales make their move: 40 million XRP purchased

Interest in XRP is at a peak, especially among large investors, also known as “whales.” According to analyst Ali Martinez, these major players have acquired an impressive 40 million XRP within just 24 hours. This buying spree suggests that big investors are anticipating significant price movements in the near future.

Currently, XRP is priced at $2.24, with a 24-hour trading volume of $7.46 billion. The price has risen by 1.29%, potentially signaling further increases ahead. The focus now is on reaching 2024’s peak price of $2.91. If this level is surpassed, it could pave the way for new record highs.

Technical analysis predicts a surge

Based on technical indicators, XRP appears poised for a significant move. Javon Marks, a prominent crypto analyst, highlights a “Hidden Bullish Divergence” on XRP’s 4-hour chart. This pattern often signals recovery and a potential rise of up to 30%. If this prediction holds, XRP could exceed its previous 2024 peak and set new records.

Levi from Crypto Crusaders also emphasizes that a major price movement is imminent. According to his analysis, which is based on technical trends and volumes, XRP could experience a substantial surge around January 4, 2025. With the current market dynamics, XRP traders, according to these analysts, are likely to see significant rewards soon.

What does this mean for XRP holders?

The combination of technical signals and growing whale interest makes XRP an intriguing choice for investors. While volatility is always a factor in the crypto world, current market trends indicate that XRP is well-positioned for a price increase.

Keep a close eye on price movements, especially as January approaches. The potential for profit seems high, but as always, it’s crucial to carefully weigh the risks.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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