Ripple whales invested $50.65 million into 20 million XRP coins to create attention in the crypto world. Market experts and investors show intense interest in this Gemini exchange transaction since it raised many questions about the reason behind the purchase.
The data from Whale Alert shows the significant investment brought up major discussions among XRP users and investors. Some researchers think Gemini bought XRP on exchanges to cut supply which can lead to higher future demand and prices.
Numerous market watchers agree that obtaining and holding this much XRP can disturb trading stability because moving money fast leads to price changes. The transaction took place when XRP hit $2.50 as its value dropped because of market trends.
Whale Buying and ETF Hopes Boost XRP Confidence
XRP market confidence grows due to two factors: whale buying and United States Exchange-Traded Fund (ETF) approval hopes. New XRP developments suggest the first steps to receive FDA approval during 2025 based on what happened when Bitcoin received its ETF in 2020.
The U.S. Securities and Exchange Commission (SEC) receives XRP ETF submission papers regularly from market players including Bitwise, Grayscale, and 21Shares. The XRP ETF approval chances as predicted by Polymarket stand at 78% for 2025 which pushes investors to buy more tokens.
The overall market feelings toward XRP have been shaped by government rules. The current U.S. administration led by Donald Trump shows crypto-friendly policies which raise market expectations including feasibility to set up an XRP reserve within the United States.
After his Truth Social platform mention Ripple saw additional attention about possible federal involvement in this currency. Experts believe new regulatory changes will help XRP increase in value towards $100 by the next year.
The positive market environment did not shield XRP from price decline as it lost more than 1% of its value to settle at $2.56. A continuous $4.82 billion trade flow during the day showed that investors stayed calm in the market. Buyers and sellers showed neither excess demand nor supply when RSI registered 45.
XRP price has remained at the $2.50 level while slipping by 22% during its monthly decline from $3.30. The analyst CrediBULL Crypto analyzes that XRP could require a price fall to $1.77 as its next stage in market recovery.
Whales buying large amounts of XRP and approval for an ETF combined with positive regulation create strong reasons why XRP should rise in value more permanently. Despite upcoming temporary market changes and future dips XRP has good long-term potential to hit record numbers in price once again.
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