Crypto Whales Buy $228 Million In XRP Following $5 Price Prediction
XRP whales have significantly increased their holdings, acquiring $228 million worth of XRP in a few days. This surge follows the launch of the Grayscale XRP Trust and optimistic predictions for XRP's price, potentially reaching $5 within six to ten months. Wallets holding 10 million to 100 million XRP tokens increased their total balance to 7.17 billion XRP, representing about 6.9% of the total circulating supply. Despite this accumulation, XRP's price has struggled to exceed $0.60, unlike other cryptocurrencies benefiting from a favorable U.S. Federal Reserve interest rate cut. Analyst Ash Crypto forecasts a potential 300% to 740% increase for XRP, with Bitcoin and Ethereum also expected to see significant gains in the same timeframe. As of now, XRP is trading at $0.5828.
