{"id":656295,"date":"2024-12-02T18:30:58","date_gmt":"2024-12-02T18:30:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=656295"},"modified":"2024-12-02T10:53:31","modified_gmt":"2024-12-02T10:53:31","slug":"xrp-reaches-6-year-high-whales-and-sth-accumulate-together","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-reaches-6-year-high-whales-and-sth-accumulate-together\/","title":{"rendered":"XRP Reaches 6-Year High \u2013 Whales And STH Accumulate Together"},"content":{"rendered":"

XRP has soared to a remarkable $2.49, marking its highest market value since January 8, 2018. This impressive milestone follows an astounding 395% price surge since November 5, reflecting renewed investor enthusiasm and strong market momentum. The rapid rally has reignited discussions about XRP\u2019s potential as one of the standout performers in the crypto market.<\/span><\/p>\n

Related Reading: Dogecoin Ready To Hit $1 \u2013 Price Struggles To Break Above Major Resistance<\/a><\/div>\n

Key data from blockchain analytics firm Santiment highlights a significant accumulation trend among large holders. In three weeks, wallets holding 1M-10M XRP have amassed 679.1 million tokens\u2014equivalent to $1.66 billion. This aggressive accumulation underscores increasing confidence in XRP\u2019s prospects, particularly as the broader market exhibits bullish sentiment.<\/span><\/p>\n

Analysts suggest the coming weeks could bring further upside for XRP<\/a> and the overall crypto market, driven by heightened interest and strong demand. As XRP tests these new highs, the focus will shift to whether it can sustain this momentum and break through psychological resistance levels.<\/span><\/p>\n

With market dynamics favoring a bullish outlook, XRP\u2019s performance could set the tone for altcoins entering the next phase of this market cycle. Investors now keenly observe XRP\u2019s trajectory as it navigates this critical juncture.<\/span><\/p>\n

XRP Extends Record-Breaking Rally\u00a0<\/span><\/h2>\n

XRP\u2019s remarkable uptrend shows no signs of slowing, with the asset surging 30% in under 24 hours, breaking decisively above the $2 mark. Following a brief consolidation below $2, this rally has pushed XRP to an impressive $2.49\u2014a level unseen since January 8, 2018.<\/span><\/p>\n

Recent blockchain data from Santiment<\/a> reveals the underlying strength driving this surge. Key accumulation trends show wallets holding 1M-10M XRP have collectively added 679.1 million tokens to their holdings in just three weeks. <\/span><\/p>\n

This translates to a staggering $1.66 billion, signaling renewed confidence among large holders. Additionally, XRP\u2019s total non-empty wallets have reached a historic milestone, surpassing 5.5 million for the first time in the cryptocurrency\u2019s 8+ year history.<\/span><\/p>\n

\"Whales
Whales have accumulated 679.1M XRP (currently worth $1.66B) in just 3 weeks | Source: Santiment on X<\/a><\/figcaption><\/figure>\n

The convergence of these bullish metrics confirms that demand for XRP is intensifying, fueling its record-breaking rally. Analysts and investors are watching closely, noting that the continued expansion in wallet activity and accumulation patterns strongly supports XRP\u2019s upward momentum.<\/span><\/p>\n

Related Reading: Dogecoin Consolidates Below Key Supply Level \u2013 Analyst Expects Rally Soon<\/a><\/div>\n

As XRP capitalizes on these bullish trends, its ability to sustain and build on this momentum will be crucial. If accumulation and wallet growth persist at this pace, XRP could redefine its position in the crypto market, setting new benchmarks for its next leg up.<\/span><\/p>\n

XRP Price Holds At $2.30<\/span><\/h2>\n

XRP is trading at $2.30, consolidating after a remarkable rally that saw it touch $2.50, nearing its all-time high. This marks an extraordinary performance, with XRP achieving significant gains over the past month as it revisits price levels last seen in 2018.<\/span><\/p>\n

\"XRP
XRP testing multi-year highs | Source: XRPUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n

The bullish momentum remains intact, and traders closely monitor the $2.30 level as a key support. If XRP holds above this level in the coming hours, a breakout past $2.50 seems increasingly likely, setting the stage for the asset to test even higher resistance levels.<\/span><\/p>\n

However, failure to maintain the $2.30 support could lead to a short-term pullback, with the price likely finding demand at $2.08. This critical level could provide a foundation for further consolidation before XRP attempts another push upward.<\/span><\/p>\n

Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level \u2013 Analyst Shares Price Target<\/a><\/div>\n

As market participants continue to watch XRP\u2019s price action, its ability to sustain these levels will determine the trajectory of its next move. With bullish sentiment still driving demand, the coming hours are crucial for XRP\u2019s bid to solidify its position above $2.30 and aim for new milestones beyond $2.50.<\/span><\/p>\n

Featured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

XRP has soared to a remarkable $2.49, marking its highest market value since January 8, 2018. This impressive milestone follows an astounding 395% price surge since November 5, reflecting renewed investor enthusiasm and strong market momentum. The rapid rally has reignited discussions about XRP\u2019s potential as one of the standout performers in the crypto market. Related Reading: Dogecoin Ready To Hit $1 \u2013 Price Struggles To Break Above Major Resistance Key data from blockchain analytics firm Santiment highlights a significant accumulation trend among large holders. In three weeks, wallets holding 1M-10M XRP have amassed 679.1 million tokens\u2014equivalent to $1.66 billion. This aggressive accumulation underscores increasing confidence in XRP\u2019s prospects, particularly as the broader market exhibits bullish sentiment. Analysts suggest the coming weeks could bring further upside for XRP and the overall crypto market, driven by heightened interest and strong demand. As XRP tests these new highs, the focus will shift to whether it can sustain this momentum and break through psychological resistance levels. With market dynamics favoring a bullish outlook, XRP\u2019s performance could set the tone for altcoins entering the next phase of this market cycle. Investors now keenly observe XRP\u2019s trajectory as it navigates this critical juncture. XRP Extends Record-Breaking Rally\u00a0 XRP\u2019s remarkable uptrend shows no signs of slowing, with the asset surging 30% in under 24 hours, breaking decisively above the $2 mark. Following a brief consolidation below $2, this rally has pushed XRP to an impressive $2.49\u2014a level unseen since January 8, 2018. Recent blockchain data from Santiment reveals the underlying strength driving this surge. Key accumulation trends show wallets holding 1M-10M XRP have collectively added 679.1 million tokens to their holdings in just three weeks. This translates to a staggering $1.66 billion, signaling renewed confidence among large holders. Additionally, XRP\u2019s total non-empty wallets have reached a historic milestone, surpassing 5.5 million for the first time in the cryptocurrency\u2019s 8+ year history. The convergence of these bullish metrics confirms that demand for XRP is intensifying, fueling its record-breaking rally. Analysts and investors are watching closely, noting that the continued expansion in wallet activity and accumulation patterns strongly supports XRP\u2019s upward momentum. Related Reading: Dogecoin Consolidates Below Key Supply Level \u2013 Analyst Expects Rally Soon As XRP capitalizes on these bullish trends, its ability to sustain and build on this momentum will be crucial. If accumulation and wallet growth persist at this pace, XRP could redefine its position in the crypto market, setting new benchmarks for its next leg up. XRP Price Holds At $2.30 XRP is trading at $2.30, consolidating after a remarkable rally that saw it touch $2.50, nearing its all-time high. This marks an extraordinary performance, with XRP achieving significant gains over the past month as it revisits price levels last seen in 2018. The bullish momentum remains intact, and traders closely monitor the $2.30 level as a key support. If XRP holds above this level in the coming hours, a breakout past $2.50 seems increasingly likely, setting the stage for the asset to test even higher resistance levels. However, failure to maintain the $2.30 support could lead to a short-term pullback, with the price likely finding demand at $2.08. This critical level could provide a foundation for further consolidation before XRP attempts another push upward. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level \u2013 Analyst Shares Price Target As market participants continue to watch XRP\u2019s price action, its ability to sustain these levels will determine the trajectory of its next move. With bullish sentiment still driving demand, the coming hours are crucial for XRP\u2019s bid to solidify its position above $2.30 and aim for new milestones beyond $2.50. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":656296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[4531,90867,87392,93463,83637,13172,91056,87391,93114,78763],"class_list":["post-656295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-xrp","tag-xrp-bull-run","tag-xrp-bullish","tag-xrp-demand","tag-xrp-news","tag-xrp-price","tag-xrp-price-breakout","tag-xrp-whale","tag-xrp-whale-accumulation","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Reaches 6-Year High \u2013 Whales And STH Accumulate Together<\/title>\n<meta name=\"description\" content=\"XRP soars to 6-year high, fueled by whale accumulation and bullish sentiment. 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