XRP Market Cap Explodes By 23% In A Day As Whale Appetite Soars

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	32,304,146,166	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

32,304,146,166

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.021	3.66%	0.5942	0.5941	0.5942

Price Change

Price Change %

Current Price

Bid Price

Offer

0.021

3.66%

0.5942

0.5941

0.5942

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.5971	0.5679	0.5724	0.5732	0.382490 - 0.785000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.5971

0.5679

0.5724

0.5732

0.382490 - 0.785000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:12:06	1,125.33	0.5936	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:12:06

1,125.33

0.5936

USD

Price x Volume	Volume	Base Symbol	Related Pairs
34,777,218.40	59,429,176.03	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

34,777,218.40

59,429,176.03

XRP Market Cap Explodes By 23% In A Day As Whale Appetite Soars

10/08/2024 1:00pm

NEWSBTC

The show’s star today is XRP as in the last 24 hours its market value has risen by 23%. The crypto space is buzzing as we speak, and this makes altcoin owners so upbeat. Related Reading: ARB Surges Nearly 10% As Franklin Templeton Launches Fund on Arbitrum XRP Shows The Way XRP is exploding in price given how it controls the rough waves of the crypto market. Now everyone is focused on XRP as it gets ready for what might be a turning moment in its path. This is true since the market shows good vitality in general. People are talking about the coin all over social media since its market value has skyrocketed. According to a fresh Santiment analysis, there are an all-time high (ATH) of 7.06 billion coins, or $4.42 billion, worth of addresses on the XRP Ledger owning between 1 million and 10 million XRP. 📈 XRP’s market cap has skyrocketed once again, growing by +23% in the past 24 hours. Wallets holding between 1M-10M coins on the XRP Ledger now hold an all-time high 7.06B coins ($4.42B), and the project’s social media discussions are at their highest levels since January. pic.twitter.com/QjEzIZGQAJ — Santiment (@santimentfeed) August 7, 2024 Many large token holders, as a result of the altcoin’s strong performance, would now want to hold on to their tokens instead of selling them. XRP is attracting more and more people; the busy market of the coin indicates that more breakouts could be in the offing. Upbeat Investor Mood Social media buzz at levels not seen since January has also obviously affected the view of XRP. Not only casual onlookers but many investors are also keen to know why XRP value has lately shifted. In XRP’s case, the growing social mood seems to be a mirror of the rising confidence in the future possibilities of the coin; normally, it is a prediction of increased market activity. Rising market cap combined with growing social participation is a powerful combination that market observers believe could push XRP to previously unheard-of heights. According to present patterns, major holders are expecting a possible rise. Usually occurring before a more general market accumulation phase, this accumulation by “whales,” is seen as a positive portent. Technical Indicators Based on data by CoinCheckup, increasing investor confidence and a better general market mood is seen to lift XRP’s price by about 23.79% in the next three months. Given a forecast of 179.39% rise over the next six months, the mid-term picture is far more optimistic. Positive macroeconomic conditions or changes inside the Ripple ecosystem could lead to such a breakthrough. Long-Term Prospects XRP still draws a lot of attention, hence the one-year projection stays rather positive. XRP could be set for continuous success with a projected increase of 101.73%. One should take the natural market volatility of cryptocurrencies into account even if the technical signals point to a bright future. As they handle the possible ups and downs of this fast shifting environment, investors should be vigilant and informed. Featured image from Sci.News, chart from TradingView

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