A gigantic Ripple whale attracted the attention of investors with its latest purchase move. According to reports, the whale ship purchased 20 million XRP from the stock exchange. This led to controversy on the potential behind the movement. So, what are the analysts waiting for XRP?
Giant Ripple whale made a loaded purchase!
A Ripple whale, with the latest purchase move in the XRP news series went to headlines. On-Chain whale follower Whale Alert, according to data, a giant whale Gemini stock exchange has accumulated 20 million dollars worth $ 50.65 million. This movement led to intense speculation within the XRP community.
However, the reasons behind this important purchase remain uncertain. It also fuels market debates and speculation. A possible explanation is that it can be a strategic move to tighten the XRP supply in the stock markets and potentially increase market demand. However, since this significant accumulation may lead to an increase in volatility due to changing liquidity, market participants are advised to be careful. As the situation appears, all eyes will be at the price of XRP, and will wait to see how this development affects the value of the crypto currency and the general market dynamics.
XRP ETF speculation is increasing!
Discussions on a potential XRP ETF launch in the US has recently fueled market optimism. In addition, recent developments show that approval can be realized in 2025, which can increase the charm of crypto currency in investors. In particular, many people compared this development with the approval of BTC ETF, which helps Bitcoin price to reach a new ADH.
Meanwhile, the expectation of the US SEC recently accepted the third ETF application. According to reports, after the approval of the US SEC, Grayscale and 21shares applications, Bitwise’s XRP ETF application recently adopted. However, the market expectation rose to the approval of the regulators in a short time. Following these recent developments, Polymarket data showed that the approval of a “Ripple ETF” approval in 2025 was 78 %.
Source: PolymarketWhat awaits Ripple (XRP)?
Despite the positive feelings in the market, the XRP price fell more than 1 %today to $ 2.56. The one -day transaction volume remained near the flat line with $ 4.82 billion. This shows the silent activity on the market. However, the latest Ripple whale accumulation attracted significant attention from the crypto market participants. Token’s relative power index remained at the level of 45, pointing to a neutral sensitivity in the market. Nevertheless, investors maintain optimism in terms of being an impressive rally, and potentially awaits a new AC.
However, it should be noted that XRP has recently been consolidated around $ 2.5. In addition, Token, dropped from $ 3.3, a monthly decrease in a monthly decrease. In addition, in an recent analysis, market analyst Credibull Crypto said that crypton could face a correction up to $ 1.77 before a potential recovery.
Source: Credibull Crypto
