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5 Reasons Ripple’s $177M XRP Whale Buys Signal Explosive Growth Ahead

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Ripple (XRP) whales have recently purchased $177 million worth of XRP, reflecting increased market confidence and legal developments favoring Ripple. The transactions come amid a bullish trend in XRP’s price and a potential resolution to the SEC lawsuit. Investors are optimistic as XRP secures its position as the third-largest cryptocurrency by market capitalization.

Whale Transactions Drive XRP Market Optimism

Large Ripple transactions have highlighted intensified interest among investors, with whale wallets making significant purchases from major exchanges. According to Whale Alert, a wallet acquired 50 million XRP worth $116.50 million from Upbit. Another whale added 25.08 million tokens worth $61.08 million via two Binance transactions.

These transactions signal strong market confidence in XRP’s future performance. The accumulations coincide with Ripple’s legal advancements and rising investor expectations. Analysts suggest whale activities reflect anticipation of further price surges driven by positive market sentiment.

Additionally, Ripple has locked 770 million XRP tokens worth nearly $1 billion in escrow. This move aims to stabilize the asset’s supply and maintain price momentum. The locking of tokens has amplified enthusiasm around XRP’s long-term growth potential.

Ripple Vs. SEC Lawsuit Nears Favorable Resolution

Ripple’s ongoing lawsuit with the U.S. SEC shows signs of nearing resolution, further boosting market sentiment. Legal experts predict that appeals may be dismissed or withdrawn, clarifying XRP’s regulatory status. Investors are optimistic as Ripple benefits from these anticipated outcomes.

Ripple’s position is strengthened by legal analysis from attorneys, including Bill Morgan and Jeremy Hogan. They believe the SEC’s case lacks sufficient grounds for appeal. This optimism has contributed to XRP’s recent surge, with prices climbing steadily over recent weeks.

Market participants see legal clarity as crucial for the broader adoption of XRP. Ripple’s progress in the case has positioned its native token as a stronger competitor in the cryptocurrency space. These developments underline Ripple’s resilience amid regulatory challenges.

XRP Overtakes Solana and USDT in Ranking

XRP’s price rose by 22% intraday, reaching a high of $2.49 and reinforcing its bullish market position. Weekly and monthly gains of 63% and 367% have attracted significant attention from global investors. Ripple’s efforts to secure its market position have played a key role in this upward trajectory.

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Source: CoinMarketCap

The asset’s performance has allowed XRP to overtake Solana and USDT, ranking as the third-largest cryptocurrency. This achievement underscores its growing influence in the crypto market. Increased accumulation and legal progress have created a robust foundation for sustained growth.

XRP Targets Breakout As Resistance Levels Define Next Key Price Moves: Report

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  • XRP trades within the crucial Fib 0.702 zone ($1.11–$1.22), a confluence halting its current rally.
  • A breakout to $1.60–$2.30 could face selling pressure from past cycle holders, but $2+ closes may spark exponential growth.
  • Super Guppy’s green flip hints at a potential peak by March 2025, following historical price trends.

XRP is at a critical point as of now and is trading in the Fibonacci 0.702 zone between $1.11 and $1.22. This zone of resistance has been constructed from the corrective retracements from the January 2018 and April 2021 levels, and has produced a clear confluence that has halted the upward progress of the cryptocurrency. In the previous X post, Egrag Crypto highlighted this level as the key area that could define the further direction of XRP.

Egrag anticipates a critical breakout within the $1.60–$2.30 price range. This zone may face selling pressure from the holders who got burned during the previous cycle and are likely to do so again, term it as PSTD scars. However, the outlook shows that it is not only about retesting the previous high but underlines the need for a weekly or monthly close above $2. Analyst describes it as a ‘multiplier’, which may lead to the acceleration of growth.  

Next XRP Cycle Peak

More positive signs are being seen from the Super Guppy indicator which has changed to green on the two week chart. Such change has previously been observed prior to a considerable price increase of token. 

In the 2018 cycle, XRP hit its ATH 266 days after the Super Guppy flipped green. In the 2021 cycle, it only took 84 days to see the top of a cycle. These movements seem to have an average time of about 175 days, and looking at the trend, the next peak for Ripple coin might likely happen by March 2025.  

XRP’s Future Movements

To sustain such a move, the market mechanisms and the faith of the long-term investors will be of essence to XRP. Should the price break and hold above $2, it could signal a possible shift higher, and open the door for further gains.  At the time of writing, toekn is trading at $1.18 per coin, a 8.01% rise in the last 24 hours and a 121.84% rise in the last 30 days.

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Source: TradingView

Therefore, XRP’s future movements are expected to critically define its position in the crypto market via technical analysis and historical trend analysis. While at these critical junctures, all attention is still focused on XRP to breakthrough through the resistance level and take advantage of the gains made in the previous cycles.

Ripple (XRP) Price Analysis: Analyst Projects $3 Trillion Market Cap

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Crypto analyst EGRAG CRYPTO has sent ripples of excited activity through the crypto world with an unbelievably bullish projection for XRP. According to the analysis, the analyst has boldly projected meteoric growth in XRP market capitalization to $3 trillion, which may point to the potential paradigm shift regarding cryptocurrencies. This revelation has been spammed wide and far on THE WHITE CHANNEL, bringing hype among investors and enthusiasts alike.

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The analysis of EGRAG CRYPTO lies on ‘The White Channel’: this is a strategic benchmark along the market’s trajectory for XRP. According to the analyst, gaining entry into this channel will change everything and mark a whole new chapter in the XRP book of history. It becomes manifest that the token can skyrocket in its power because since the middle of the channel is at $100 billion, reaching the top of the channel is at $287 billion.

The implications of such a forecast are profound, as it signifies substantial gains for XRP investors and underscores the coin’s burgeoning relevance within the broader crypto sphere. If the token ascend to a $3 trillion market cap, it would cement its status as a frontrunner in the digital asset ecosystem, potentially reshaping market dynamics and investor sentiment.

Analyst Predicts Short-term $1.5 Target for XRP

In a recent analysis, EGRAG CRYPTO emphasizes the “White Triangle” breakout pattern that aligns with previous chart trends and Fibonacci retracement levels between 0.702 and 0.786. This pattern suggests a potential measured move projecting XRP’s price between $1.2 and $1.5.  However, the critical breakout point lies between $0.70 and $0.75. The analyst is confident that XRP is set to break out within the next few weeks, with a high likelihood of retesting the breakout level.

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The sentiment around the token has been growing positively by performance and technical indicators. The ability of the cryptocurrency to sustain support levels and the rising trading volume points toward a higher interest in investors, believing in the price.”.

EGRAG CRYPTO takes it even further by stating that there will be a “MEGA RUN” for XRP, and thus the targets will go much higher into double digits. The vision of his technical pattern unleashed a bullish path for the token.

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Ripple’s (XRP) Path to Breakout: Analysts Predict 20-30% Surge

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Ripple (XRP) is currently in a sideways trend channel over the medium to long term, most likely implicating that investors are sitting at a historically critical juncture. The technical setup shows that a big move is coming in the market, with possible breakouts giving clear direction.

The ongoing price move sees XRP into sideways action within the boundaries of a rectangle, where strong support is lined up around $0.49 and resistance at $0.52. Decisive price action above this level would come in as a really strong bullish signal, possibly pointing toward a new price trajectory to the upside. It is also trading within the support area of $0.50 and a resistance zone of $0.54.

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A clean breakout above this higher resistance would be the indication for a bullish trend with lots of price potentials in advance. At the same time, it reaffirms that the RSI curve is upwards being an early indication of an eventual renewed bullish move thus momentum is building toward later breaking on the upside.

As of now, XRP is trading at $0.517024, with an impressive 24-hour trading volume of $832.58 million and a market cap of $28.59 billion. Despite a slight 1.23% decrease in the last 24 hours, the overall indicators indicate a promising upward movement. 

Analyst Eyes XRP 20-30 Price Surge

Analysts remain highly optimistic about XRP’s future price trajectory despite a short-term decline. Crypto analyst ZAYK Charts has shared a bullish outlook, highlighting that on the 12-hour timeframe, a trendline breakout has already been completed. He anticipates a substantial 20-30% bullish wave for XRP, suggesting that the recent price movements have set the stage for a significant upward trend.

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Moreover, Changelly provides an even more optimistic forecast for XRP. According to their latest analysis, Ripple’s value is expected to increase by 28.11%, reaching approximately $0.656012 by May 21, 2024. This projection underscores a strong belief in XRP’s potential to surge in value.

Change­lly’s market analysis tools indicate a nuanced vie­w of Ripple, with a 17% bullish stance. While caution re­mains, there is a notable positive­ outlook. Moreover, the Fe­ar & Greed Index, which tracks inve­stor sentiment, scores 72. This “Gre­ed” score shows investors are­ inclined to purchase and hold XRP, often a sign of an upcoming bullish market movement.

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XRP’s $5.85 Horizon and Tactical Insights Unveiled

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Crypto analyst Egrag Crypto shared a comprehensive analysis of the XRP market, introducing the concept of the White Flame Range and delving into the intricacies of Structural Formation, Sentiment Status, Macro Range, and Psychological Zone.

According to the October 27th, 2023 X post, a clear perspective on the current state of the XRP market, which has been on a retracement journey for the past 191 days since a notable pump in July. Despite the extended period of market turbulence, the MACRO outlook remains steadfast, presenting both challenges and potential opportunities for investors.

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Within the tumultuous sea of market fluctuations, Egrag Crypto introduces the White Flame Range, characterized as an inferno that may either scorch traders or present a rare buying opportunity. The key to success in this volatile environment lies in strategically placing limited buy orders, emphasizing the importance of careful and calculated moves in the current market climate.

Addressing the XRP community, Egrag Crypto encourages holders to stay steady and maintain faith in the face of the ongoing trial of patience. The White Flame may flicker, but the potential payoff is promised to those who endure the storm. The analyst assures that the challenges faced are a testament to future rewards, urging investors to let the journey unfold.

XRP Structural, Sentiment, & Psychology Analysis

The detailed analysis categorizes XRP based on specific price ranges. The range of 0.54c to 0.58c is identified as the make-or-break range for XRP, playing a pivotal role in market dynamics since May 2022. Recent weeks have seen a robust foundation being laid, hinting at the potential for the next bullish run.

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Additionally, the zone of 0.63c-0.70c marks a critical juncture where market sentiment begins to shift. Traders and investors are advised to closely monitor this range, as shifts in sentiment can serve as contrarian indicators for seizing price opportunities and managing risk.

Moreover, the $0.93 to $1 range is described as a psychological battlefield, where emotions such as fear, greed, anxiety, and overconfidence come into play. Traders are cautioned to exercise discipline, stick to their plans, and resist the influence of cognitive biases to navigate this challenging terrain successfully.

XRP’s Potential Double Tap & $5.85 Horizon

Another crypto analyst joins the discussion, focusing on the daily time frame. The support at the daily line (green) and RSI figures indicate that XRP is close to the oversold area. The analyst suggests a potential double tap on both RSI and price figures, highlighting a daily support level at $0.52.

Furthermore, the analyst introduces the concept of Elliott Waves, predicting potential targets for the 3rd Wave at $1.88 and $5.85. The completion of the 2nd Elliott Wave is contingent on market conditions, with a warning that the 2nd Wave could extend towards $0.39 if markets continue to suffer.

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The analyst reiterates the unchanged targets for the 3rd Wave, with daily resistances at $0.60. The final line emphasizes the importance of the level at $0.6649, serving as a crucial marker in the ongoing XRP market dynamics. Investors are urged to carefully consider these insights as they navigate the intricate landscape of the crypto market.

XRP is currently valued at $0.550443, and over the last 24 hours, it saw a slight uptick of 0.20%. The 24-hour trading volume stands at a substantial $1.98 billion, contributing to its overall market cap of $29.91 billion.

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XRP 24-Hours Chart | Source: CoinMarketcap

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Ripple’s $0.55 Struggle: Analysts Split, Eyes on 500% Surge Post-Correction

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Ripple’s XRP is currently navigating turbulent waters as it strives to maintain stability at the crucial $0.55 support level. Analysts are divided on the coin’s immediate future, with contrasting outlooks painting a complex picture for investors.

Ripple (XRP) Struggles at $0.55 Support

Crypto analyst Ali Martinez has pointed out that $XRP is currently struggling to sustain its position at the critical support level of $0.55. If this support proves inadequate, brace yourself for a potential scenario of selling pressure, potentially causing XRP to drop towards $0.34.

As of the latest data, XRP is valued at $0.562479, displaying a 24-hour trading volume of $1.42 billion and a market cap of $30.57 billion. Over the past 24 hours, the price has dipped by 1.36%, contributing to a 9% decrease in the last week.

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Ripple (XRP) 24-Hours Chart | Source: CoinMarketcap

Changelly has released its latest Ripple price prediction. According to their analysis, XRP’s value is anticipated to surge by 23.41%, reaching $0.702728 by January 19. However, this optimistic projection contrasts with the current market sentiment, as indicated by Changelly’s technical indicators, which signal a 28% Bearish sentiment on Ripple.

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Ripple's $0.55 Struggle: Analysts Split, Eyes on 500% Surge Post-Correction 15

The Fear & Greed Index, a barometer of market sentiment, reports a score of 60 (Greed), reflecting the uncertainty and mixed emotions surrounding XRP’s future trajectory.

XRP Anticipates 500% Surge Post-Correction

Crypto analyst EGRAG maintains a bullish outlook for XRP, predicting an impressive 500% surge for the digital asset once the ongoing correction phase concludes. This optimistic forecast comes as an update to EGRAG’s previous analysis, published in December, which hinted at an imminent price explosion for XRP.

EGRAG’s December report cleverly referred to the expected rally as an “XRP crash,” utilizing an inverted chart for emphasis. Despite the ironic nomenclature, the analyst accurately foresaw a correction before the projected price surge. At the time of the initial analysis, XRP was valued at $0.6353, steadily moving upward.

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The analysis emphasized a trendline representing XRP’s support levels over different periods, sloping upward due to consistent support at higher lows. However, the cryptocurrency faced challenges as it retested this trendline following price dips over the past three years.

Historical data reveals that XRP encountered similar scenarios from June 2014 to December 2017, experiencing four slumps that led to retests of the supporting trendline. After the fourth retest, XRP skyrocketed to an all-time high of $3.31 in January 2018.

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Ripple's $0.55 Struggle: Analysts Split, Eyes on 500% Surge Post-Correction 16

EGRAG believes history is poised to repeat itself, with the ongoing correction mirroring past patterns. The analyst anticipates a substantial 500% rally once the correction concludes, propelling XRP to the $2.8 price territory.

According to EGRAG, this surge marks the beginning of a more significant rally for XRP. Investors now watch closely as the digital asset teeters on the edge of a critical support level, awaiting the outcome of this intriguing chapter in XRP’s price history.

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XRP’s $1.4 Journey: Expert Insights & Cautionary Signals

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Crypto analyst EGRAG CRYPTO has recently provided valuable insights into the future trajectory of XRP, shedding light on potential price movements in the coming months. The current focus is on XRP’s journey toward the $1.4 mark, with key milestones. The analyst suggests that the next pit stop for XRP will likely see it reaching levels between 0.73-0.75 cents, followed by a subsequent swing low at 0.55-0.58 cents.

XRP Bulls Forecasted for February 2024 Surge

Looking ahead to February 2024, EGRAG CRYPTO envisions XRP surpassing the $1 mark, specifically targeting $1.10. This milestone is anticipated to mark the initiation of a bullish trend, opening doors to significant multiplier factors such as 10X, 20X, 30X, and potentially beyond.

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XRP's $1.4 Journey: Expert Insights & Cautionary Signals 20

However, caution is advised as the journey to $1.4 may not be smooth. The analyst predicts a temporary setback, with a potential dip to 0.75-0.80 cents. This anticipated dip is attributed to the selling hype surrounding the BTC SPOT ETF. If this event unfolds as a selling-the-news scenario, investors should be prepared for a ride extending into July to September 2024.

The significance of the 0.80-0.85 cents range is underscored as a MACRO Resistance level for XRP, reiterated in several previous posts by EGRAG CRYPTO. This range is expected to be crucial in shaping XRP’s price dynamics in the long term.

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XRP's $1.4 Journey: Expert Insights & Cautionary Signals 21

Looking at the broader cryptocurrency market, XRP is anticipated to surge in tandem with the BTC SPOT ETF, reaching all-time highs (ATH) by March 2024. The widespread market frenzy during this period could propel XRP to touch levels between $2.2 and $2.8. However, investors are advised to brace themselves for a potential market rug pull in the later part of 2024, from November Q4 to Q1 2025.

The analyst emphasizes the complexity of the current market cycle, attributing it to the involvement of Wall Street entities and banking institutions. The analyst warns that retail investors may face challenges, stating that this game is for the big players who are not here to cater to the weak or average. The Wall Street mafia and bank-esters are portrayed as ruthless players who lure the unsuspecting and subsequently slaughter them.

The XRP community, often called the XRPArmy, is urged to stay steady amidst the impending challenges. While victory is predicted in the long run, EGRAG CRYPTO acknowledges that the journey will not be easy, given the formidable presence of the big players from Wall Street and the banking sector.

However, as of the latest data, the current price of XRP stands at $0.620780, with a 24-hour trading volume of $1.66 billion. The market cap of XRP is reported to be $33.60 billion. Over the last 24 hours, XRP has experienced a decrease of 1.90%.

XRP 1D graph coinmarketcap 6
Source: CoinMarketcap

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Analyzing XRP’s Bullish Momentum & Projected Surge to $0.75

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Ripple (XRP) is making waves with its recent price fluctuations and promising projections. According to the latest insights from Changelly, crypto experts anticipate the average XRP rate will settle at $0.735 by the end of December 2023. The projected range suggests that the minimum and maximum prices could hover around $0.635 and $0.836, respectively.

Ripple Bullish Scenario Targets to $0.75

Changelly’s most recent Ripple price forecast indicates an expected 19.06% increase, projecting a specific value of $0.749131 by December 08, 2023. The technical indicators from Changelly highlight a robust 93% Bullish market sentiment on Ripple, as revealed by the Bullish signal. Additionally, the Fear & Greed Index stands at 72, indicating a prevailing sentiment of Greed in the market.

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Analyzing XRP's Bullish Momentum & Projected Surge to $0.75 25

Over the past 30 days, Ripple has experienced a notable pattern, with 15 out of 30 days marked as green, signaling positive movements. The price volatility during this period is reported at 4.45%, showcasing a certain level of stability in the market.

Adding to the analysis, renowned crypto analyst Ali Martinez shared insights via an X post, presenting a short-term analysis of XRP in a 4-hour time frame. Martinez observed a resemblance between XRP’s current price action and its previous movements within a Descending Channel (DC).

The analyst suggests that breaking out of Descending Channel B is the next challenge for XRP, with a Fib 0.5 level at a price target of $0.7529. Success in surpassing this level could open the gateway to a potential move towards $1.3-$1.5.

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Analyzing XRP's Bullish Momentum & Projected Surge to $0.75 26

However, Martinez emphasizes the importance of considering this development within the broader market context. Monitoring trading volume and overall market sentiment becomes crucial in assessing the sustainability of the potential uptrend.

XRP Price Analysis

As of the latest data, the current price of XRP stands at $0.63, solidifying its position as the fifth-ranked cryptocurrency in the market. With a circulating supply of $33,674,702,535.87 and a market cap of 53,888,571,585 XRP, the coin has witnessed a 2% increase in the past 24 hours.

XRP 1D graph coinmarketcap 4
Source: CoinMarketcap

Over the last 7 days, XRP has displayed a commendable upward trend, experiencing a 4.01% increase. The coin’s remarkable potential is further highlighted by a 14.29% growth over the last month, contributing an impressive average of $0.09 to its current value.

However, this surge indicates that XRP could potentially solidify its position as a robust asset if the growth trajectory persists. Investors and enthusiasts are keeping a close eye on Ripple as it continues to progress in the crypto market.

Note: The details on this page about markets and instruments are like a sneak peek – just info, not a nudge to buy or sell. Before diving into investments, dive into your own research pool.

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Ripple Holds Strong Weekly Support, Eyes $1.20-$1.50 Range: XRP Whale

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In a turn of events making waves in the crypto sphere, a prominent figure in the Ripple community, famously known as XRP Whale, has ignited excitement with a bold proclamation on Twitter. The forecast suggests that XRP might leap to the $1.20-$1.50 range, a significant surge from its current position.

This forecast aligns with XRP’s impressive resilience, particularly amidst the persisting ebbs and flows of the market. Despite the legal battles and regulatory concerns encircling Ripple Labs, the parent company of XRP, the cryptocurrency stands its ground.

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Source: Tradingview.com

XRP is trading at $0.4858, boasting a 24-hour trading volume of $479,921,007. Over the last day, XRP has witnessed a 1.35% uptick in its price, yet it also shows a 7.16% decrease over the previous week.

Ripple’s Resilience And Potential Surge

Currently, XRP commands a market capitalization of $25,901,090,064, affirming its standing as the fifth-largest cryptocurrency by market cap. Over the past day, Ripple has seen a noteworthy 21.87% surge in trading volume, tallying a total of $598,129,150 worth of XRP changing hands.

The accumulation of XRP by major holders and the unwavering support levels signal that the cryptocurrency might be teetering on the edge of a noteworthy recovery. Nevertheless, it’s crucial to remember that the crypto market is notorious for its volatility. Investors are advised to approach this potential upswing with measured caution.

While optimism swirls around XRP’s future price movements, the larger trajectory of the crypto market remains uncertain. Traders and investors are urged to stay vigilant and closely watch unfolding market events. The next few days could offer greater clarity on whether XRP is poised to make a substantial move towards the coveted $1.20-$1.50 range, a development the crypto community eagerly anticipates.

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XRP Surges In Demand And Social Activity Following Ripple’s SEC Case Victory

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The cryptocurrency market is witnessing a remarkable surge in XRP’s demand and social activity following the favorable ruling in the Ripple vs. SEC case. XRP, with its astonishing trading volume of over 1 million trades per minute, has taken center stage, capturing the attention of investors worldwide.

Crypto enthusiasts, including prominent figure Nick, a self-proclaimed “Crypto Crusader” and entrepreneur, have quickly recognized the immense growth potential of Ripple. Nick recently expressed his astonishment at the skyrocketing demand, highlighting that the momentum shows no signs of slowing down. According to data from market intelligence tool Fiatleak, Ripple has surpassed the milestone of 1 million trades per minute on a global scale.

Nick is adamant that this is just the start of XRP’s remarkable journey. Wild trade volumes for Ripple over the last several days have amply demonstrated the prevailing enthusiasm among market players.

XRP Surpasses Ethereum In Social Engagement

Social analytical resource LunarCrush has revealed that XRP’s social engagement statistics have surpassed those of Ethereum (ETH) and are now closely trailing behind Bitcoin (BTC). Notably, LunarCrush reported a significant surge in XRP’s social activity following the ruling, surpassing ETH in social dominance with an impressive 31,730 social engagements compared to ETH’s 20,666. Ripple is now nipping at the heels of BTC.

Before this, LunarCrush had already ranked Ripple at the top spot on the LunarCrush AltRank, a ranking system considering social and market activity. Ripple achieved this milestone just a few hours after Judge Torres’s ruling.

Social activity and global trade surge have substantially increased Ripple’s trading volume across major exchanges such as Binance, Uphold, Coinbase, and Kraken.

Web3 media group Whale Talk reported that the ruling, clarifying that most of Ripple’s XRP sales are not securities, directly contributed to the surge in exchange trading volumes. Uphold experienced platform issues. On July 13, Ripple’s volume skyrocketed to $10.39 billion. The swift relisting on exchanges like Coinbase and Kraken fueled the volume surge.

https://twitter.com/WhaleCoinTalk/status/1680662555490938880

Additionally, Korean investors have displayed impressive demand for Ripple, contributing significantly to the surge in trade volume. South Korea’s largest exchange, Upbit, reported the highest XRP trade volume globally, with $2.5 billion in 24-hour volume on July 14.

XRP’s 24-hour volume, which peaked at $10 billion on July 13 but has since dropped to $3.8 billion as of press time, is still noteworthy.

Binance holds the lion’s share of this volume, with $688 million in Ripple trade volume, accounting for 21.91%. OKX secures the second position with $161 million in Ripple trade volume, followed by Coinbase in ninth place with a volume of $50 million.

XRP’s trade volume and social activity surge demonstrate its growing prominence in the crypto market, signaling a significant turning point for the digital asset.

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