Whale Investors Are Going Crazy for XRP! Is a Price Surge Imminent? 🐋💸

So, here we are, folks! The altcoin circus, starring Ripple Labs’ very own XRP, is still trying to figure out if it’s a bear or a bull. Spoiler alert: it’s been a bit of a grumpy bear lately. 🐻

Right now, XRP is strutting around at $2.38 with a 24h volatility of 3.5% and a market cap that’s basically a small country at $137.04 B. Meanwhile, it’s trading volume is a whopping $6.57 B. Not too shabby, right? But let’s not get too excited; it’s been a bit of a rollercoaster ride these past four days. 🎢

Now, let’s talk about Bitcoin, the big boss in the crypto world. It’s currently lounging at $97,385 with a 24h volatility of 1.5% and a market cap that’s just shy of $1.93 T. If you squint hard enough, you might just see the bullish rebound coming. Or maybe that’s just my imagination. 🤔

Let’s Peek at XRP’s Price Action

According to the crystal ball (or, you know, Coinspeaker), XRP has been playing follow-the-leader with Bitcoin, gearing up for what everyone is calling the “altseason.” It’s like a high school dance where everyone’s waiting for the slow song to kick in. 💃

So, XRP took a little tumble—down about 4% in the last 24 hours—trading at around $2.36 during the mid-London session. But don’t worry, it’s been forming a rising bullish flag. Sounds fancy, right? It’s like a flag that says, “I’m ready to party!” 🎉

And guess what? We’re all betting that XRP will leap over the $4 mark soon, like a gazelle on a trampoline. 🦙

Whale Watch: XRP Edition

Now, let’s talk about the whales. No, not the ones in the ocean, but the ones in the crypto world. These big fish are gobbling up XRP like it’s the last slice of pizza at a party. 🍕 According to Santiment, these whale accounts have added around 520 million coins during the recent dip. That’s a lot of blubber! 🐋

And why are they so keen? Well, Ripple Labs is busy turning XRP Ledger into a web3 wonderland, supporting all sorts of DeFi magic. It’s like they’re building a crypto Disneyland over there! 🎢

Oh, and let’s not forget about Ripple USD (RLSD), which has grown to a market valuation of over $108 million. It’s like the little sibling that’s suddenly cooler than you. 😎

Spot ETF Approval: Coming Soon to a Theater Near You

Now, let’s get to the juicy part. The listing of spot Bitcoin and Ethereum ETFs last year was like the opening act for the main event. And guess what? The Trump administration is all about that blockchain life, which means the approval of a spot XRP ETF is just around the corner. 🎬

Earlier today, the Cboe exchange filed the 19b-4s for their spot XRP ETFs. It’s like they’re sending out invitations to the coolest party in town. 🥳

After the fund managers filed their S-1s last year, this is the next step toward the SEC’s final decision. And they have 240 days to either say “yes” or “no.” Talk about a nail-biter! ⏳

2025-02-07 13:18

Let’s Peek at XRP’s Price Action

Whale Watch: XRP Edition

Spot ETF Approval: Coming Soon to a Theater Near You

Read More