- Whales accumulated more than 100 million XRP in the last couple of days.
- XRP surged over 5% today, and it is currently trading at $3.32.
Amidst Donald Trump inauguration as the President of the US for the second time, the crypto market is witnessing an incredible price surge. Trump’s promise to make the US a crypto capital in the world has played a huge part in his re-election.
Additionally, Donald Trump’s increasing involvement with the industry with TRUMP memecoin, WLFI project, and the purchase of four ENS domains, the crypto community is hoping for a more regulatory clarity and adoption of crypto and blockchain technology in his term.
Trump’s pro-crypto stance not only impacts the crypto industry’s adoption in the US, but also in other countries across the globe. With the present inauguration ceremony, combined with fostering relationships between Ripple executives and Donald Trump, XRP is estimated to go on a further price surge.
Whales Accumulate Over 100 Million XRP
Whales bought over 100 million $XRP in the last 48 hours, as shown by data from @santimentfeed! pic.twitter.com/TVdqt65Nu4
— Ali (@ali_charts) January 20, 2025
As per renowned market analyst Ali Martinez posted on X, XRP whales that hold tokens in between 1 million and 10 million have bought over 100 million XRP in the past couple of days. Ali posted the statistics from Santimentfeed and emphasized its findings.
Ripple’s XRP has already proved its strength in the market following Trump’s election and Ripple’s partial win against the SEC. It went on a huge price surge in Nov 2024, and reached a high of around $2.7 from the low of $0.5, within less than a month.
XRP price is trading at around $3.3, with a considerable price surge of over 5%, at press time. While market cap hovers around $189 billion with 5% increase, trading volume is a staggering $21 billion, increased by 82% in the last 24 hours.
The whale’s accumulation of over 100 million XRP within 48 hours is clearly pushing the price of XRP. With XRP playing around at the $3.3 price level, it doesn’t take long for breaching its previous all-time high value of $3.4.
On another note, ProShares plans to launch XRP-based ETFs with favourable market conditions in the US and improved regulations around the crypto industry. The legal victory, change of the government, increased institutional investment are all propelling XRP to new highs.
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