XRP surges today: Price rises 12% and hits milestone amid billion-dollar whale movement

O XRP is showing a significant rally today that has seen the asset reach a price milestone by breaking above the $2,69 zone for the first time since December 17, 2024. Cryptocurrencies in general are trading with notable gains today amid the market recovery, with XRP in particular, which is seeing considerable gains in the last two days alone. Hoje , the token rose more than 12% on optimism about the potential appreciation of Ripple's native cryptocurrency.

As the market recovers, one of the main beneficiaries is XRP, which is seeing considerable gains amid the intense movements of whales recently. While the market was undergoing a sharp correction recently, whales purchased 1,09 billion XRP last week, according to data from renowned cryptocurrency analyst Ali Martinez, suggesting great optimism about the token's upcoming bullish moves and its growth prospects.

The analytics platform, Santiment, observed XRP investor optimism with the asset’s recent rise, supported by continued strong accumulation of wallets holding between 1 million to 10 million tokens.

“XRP investors are pleased to see the #3 market cap asset hit $2,69 today for the first time since December 17, 2024. This is being supported by the ongoing massive accumulation of wallets holding 1 million to 10 million XRP, which hold over 37% more coins than 2 months ago (approximately $3,8 billion worth of XRP added since its accumulation began on November 12, 2024).”

At the time of publication, the XRP price is trading at $2,88, up 12.5% ​​over the past 24 hours. Additionally, on-chain trading volume has increased significantly over this period. XRP (XRP) trading volume is $13.550.820.275 over the past 24 hours, representing a 74,40% increase from a day ago and signaling a recent surge in market activity. In seven days, the price is up 17.7%.

The intense movement anticipates an event that could propel XRP to new heights: the Trump administration. On January 20, Trump will begin his new term as president of the United States and XRP is positioned to be one of the main beneficiaries of this movement, suggesting a potential rise in the coming days. In addition, investors and enthusiasts believe that Gary Gensler’s departure from the helm of the Securities and Exchange Commission (SEC) ) may be another price driver of Ripple's native token.

XRP at $100 this cycle? Analyst warns of historic pattern with insane breakout

XRP at $100 this cycle? An analyst has warned of a historical pattern in the cryptocurrency that could soon lead it to reach epic heights. The cryptocurrency market is always looking for the next big thing, and Ripple’s token XRP is once again in the spotlight. Recently, we’ve seen a surge in interest in digital assets, driven by discussions about regulations and institutional adoption. In this scenario, a technical analysis has generated a lot of buzz among XRP investors: the possibility of the token reaching the impressive $100 mark.

This bold projection comes from technical analyst Gert van Lagen, who spotted an intriguing historical pattern on XRP’s chart. According to him, the token has confirmed a breakout from a double bottom, a chart formation considered a bullish signal. For those unfamiliar with technical analysis, a double bottom resembles the letter “W” on the price chart, indicating a trend reversal from bearish to bullish.