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Ripple and its crypto, XRP, have recently left part of their community in the lurch. Investors, hoping for quick profits, saw their expectations thwarted by a capricious market. Yet, a particularly notable category, the famous “whales,” have sprang into action, massively accumulating XRP. Amid rumors of an imminent ETF and legal battles with the SEC, XRP seems determined to regain its peaks.
Whales reignite XRP’s momentum
The Ripple news: in recent months, the heaviest wallets in the market, those containing between 1 and 10 million XRP, have taken great delight in gorging themselves. Since November 2024, these whales have acquired 1.43 billion tokens, representing an increase of 37.4%, according to the Santiment platform.
🐳📈 XRP investors are pleased to see the #3 market cap asset reach $2.69 today for the first time since December 17, 2024. This is being supported by continued enormous accumulation from wallets holding 1M-10M XRP, who own over 37% more coins than they did 2 months ago… pic.twitter.com/G3a3N5iSAS
— Santiment (@santimentfeed) January 14, 2025
This accumulation represents a nice haul of 3.8 billion dollars.
Some significant numbers:
- Current XRP price: $2.83 (a record since 2018);
- Whale accumulation since November: 1.43 billion tokens;
- Projected investment potential by JPMorgan: up to 8 billion dollars for XRP ETPs.
This massive accumulation, coupled with a reduced order market (18 million XRP for sale between $2.70 and $2.90, down from 40 million previously), seems to be turning XRP into a FOMO magnet.
$XRP orderbook analysis (read until end)
It's been weeks since I shared orderbook analysis and many wonder why? I know when it matters and when it doesn't.
We are back to the time it matters
Between Coinbase and Binance spot, there are 18M XRP sitting between here and $2.90… pic.twitter.com/Nef9WoSc68
— Dom (@traderview2) January 14, 2025
According to analyst Dom, “all it takes is for this buying frenzy to continue to breach the $3 mark“.
Crypto regulation: the showdown with the SEC
At the same time, legal matters continue to stir trouble. The SEC, after losing a round against Ripple in 2023, has not yet said its last word. However, the political context seems to favor crypto. With a more willing American administration to support digital innovation, pressure could shift back onto the regulators.
According to Sean Dawson, analyst for Derive, “even if the SEC appeals, the pro-crypto environment could sway in favor of XRP“.
In the meantime, investors are keeping a close eye on a potential spot ETF, which could transform XRP into a rising star of altcoins, much like Bitcoin. Everything is at stake on a razor’s edge: either regulatory green light propels Ripple’s crypto, or legal blockades slow this ascent.
In January, the 5 indicators seemed to already point towards an explosion of XRP. The movements of the whales, combined with expert forecasts, confirm that this trend could mark 2025. A case to follow closely.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
