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<p>Lately, XRP has been grabbing attention with its rapid price increases and big moves in the market. On Sept. 29, it climbed from $0.5857 to $0.6328 in just a day. What’s even more impressive is how its trading volume shot up to $2.2 billion on Sept. 28, which was a massive 133% jump over the past week. As the seventh-largest cryptocurrency by market cap, XRP’s valuation now stands at $35.4 billion, and it seems to be heading for a longer-term recovery. So, what’s fueling this rally?</p>  
<h2 class="wp-block-heading" id="h-xrp-outshining-bitcoin">XRP Outshining Bitcoin</h2>  
<p>XRP has been on fire compared to Bitcoin over the last few months. While Bitcoin only grew by 5%, the token shot up by an impressive 31% during the same period. Even though Bitcoin took a slight dip recently, XRP has stayed strong. Some experts are pointing to key technical factors, like XRP consistently trading above the 50-month Exponential Moving Average (EMA) at $0.5743, as a sign that it could keep climbing. There’s even talk that XRP could hit $1 by the end of 2024 if it continues on this path.</p>  
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<p>There’s also the action in the futures market to consider. In just 24 hours, $1.9 million worth of bets on XRP were liquidated. A whopping 73% of these were long positions, showing that traders were hopeful for a price rise. However, with $16.76 million in short positions still in play, a lot of investors are betting against XRP. If it can push past $0.65, those shorts will be in serious trouble.</p>  
<h2 class="wp-block-heading" id="h-whale-activity-heating-up-the-market">Whale Activity Heating Up the Market</h2>  
<p>In addition to the price action, whale investors have been making big moves in the market. Over the last 10 days, whales have accumulated over 470 million XRP tokens. This isn't a small change—these big buyers are usually a strong sign of confidence in a coin’s future. In fact, in the past two days, over $60 million worth of XRP has been pulled from the Upbit exchange. This shows that big investors are not just buying—they’re holding.</p>  
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<p>Ripple’s progress in the blockchain space is also a big factor. Recently, they’ve been testing the minting of RLUSD stablecoins, which could give XRP a liquidity boost. This move, along with Ripple’s continued push to improve cross-border payments, is expected to increase the mainstream adoption of XRP.</p>  
<h2 class="wp-block-heading" id="h-will-xrp-hit-1">Will XRP Hit $1?</h2>  
<p>XRP’s recent breakout from a multi-year triangle pattern could be the signal bulls have been waiting for. It recently crossed the 200-day Moving Average, which is a strong indicator that the rally may continue. However, there are hurdles to overcome. XRP needs to break through the $0.74 resistance level to keep the momentum going. If it fails to do so and drops below $0.60, long positions worth $17.75 million could get wiped out. But if XRP holds steady and stays above $0.65, we could be looking at more gains ahead.</p>  
<p>With whale activity, technical strength, and Ripple’s push into stablecoins, the road to $1 may not be as far away as it seems.</p>  
<p><strong>Also Read : <a href="https://coinpedia.org/news/shiba-inu-goes-stronger-and-safer-with-zamas-cutting-edge-encryption/" rel="noopener noreferrer nofollow">Shiba Inu Goes Stronger and Safer with Zama’s Cutting-Edge Encryption</a></strong></p>

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