Investor interest in XRP is increasing significantly The recent growing bullish sentiment in the market, as evidenced by the massive accumulation of digital assets by whales, Also known as large investors, indicating extreme confidence in the potential of the altcoin.
The holdings of major investors reach an unprecedented level
XRP whales It is making headlines as the number of wallets containing at least 1 million tokens has risen to levels not seen in over 4 years, demonstrating a shift in the mood of major investors and the adoption of crypto assets. Santiment’s leading on-chain market intelligence and data platform open Positive progress in the backlog in a recent post on X.
Data from the platform shows that a total of 45.61 billion 8.16% during this period.
The increase in adoption reflects strong sentiment about its long-term prospects amid improving market conditions Legal developments. It also indicates a strategic approach by these investors before the expected price rise to higher levels.
While major investors gathered Alternative currencySantiment highlighted that over the past seven days, XRP traders have achieved a return of more than 40%, cementing its position as a promising digital asset.
This positive development comes in light of the coin’s renewed rise to several key resistance levels, which many market experts believe could be the start of a larger move, perhaps to a new all-time high.
Javon Marks, a crypto analyst and enthusiast, expressed his extreme optimism about the trajectory of crypto assets to a new price peak. for him Climate prediction It hinges on strong technical indicators and trends of the previous session, which are seen as a precursor to significant price momentum.
According to the market expert, compared to the previous performance, the altcoin’s next path is focused on the new all-time high and beyond, which indicates that XRP will rise more than 300% from its current price level to the current price level. Threshold $3.30. However, looking at the broader outlook, Javon Marks is confident that this move could be just the beginning of the asset’s expected future growth.
XRP price momentum remains strong
Major crypto assets are currently experiencing a pullback after weeks of sustained upward trend. but, XRP It managed to maintain its bullish momentum, rising to the $0.81 mark, a level not seen in two years. This achievement is believed to be supported by strong bullish sentiment and widespread altcoin accumulation.
CoinMarketCap reveals that trading volume and market capitalization have increased by 87% and 16% in the past day, indicating that investors are betting on the future of XRP. This rise in trading volume and market capitalization has caused prices to rise by 16% over the past 24 hours despite the decline in overall market sentiment in the market.
Featured image from Adobe Stock, chart from Tradingview.com