Greed

Long

bullish

Data on Tradingview shows that the XRP broke past $1 to hit a record three-year high of $1.26 since November 11, 2021. The surge suggests the anticipation of favorable regulatory changes and the possible end to a long-standing legal battle between Ripple and the U.S. SEC.&nbsp; 
However, the price retreated significantly by up to 20% on November 17th, triggering a massive movement of XRP and a shift in the distribution of holdings. 
CryptoQuant’s data revealed that XRP’s reserve balance in exchanges went up 3% in the ten-day period to November 16th. The 56% price growth between the 13th and 16th of November was accompanied by an increase in XRP reserves on exchanges by 44 million tokens. 
<h3 id="span-style-font-weight-400-xrp-exchanges-hands-in-millions-as-the-rally-stalls-span">XRP exchanges hands in millions as the rally stalls</h3> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 🚨 10,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#XRP</a> (11,357,004 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Bitstamp</a><a href="https://t.co/4FLnEipagG" rel="nofollow" target="_blank">https://t.co/4FLnEipagG</a> 
 — Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1857911692815974495?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">November 16, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Whale Alert disclosed that tens of millions of XRP inflowed into the Bitstamp exchange, aligning with the November 17th <a href="https://www.cryptopolitan.com/xrp-price-reaches-1.../...">XRP</a> price pullback. The exchange received 10 million XRP from a whale who was possibly looking to cash in on the recent price pump.&nbsp; 
According to data from Santiment, wallets holding between 1M – 100M XRP collectively accumulated 453.3 million tokens (~$526.3M) over the past week. These tokens were primarily acquired from smaller retail investors, whose wallets (holding less than 1M XRP) sold off a total of 75.7M tokens (~$87.9M). 
Retail traders increased their selling activity, likely to take profits, while larger wallets took advantage of the opportunity to accumulate XRP, resulting in a&nbsp;positive growth in market cap. 
On November 17th, CoinGlass revealed liquidation worth over $12.6 million in the XRP derivative market. Long traders caught off guard by the sudden XRP price drop accounted for $9.1 million of the liquidations. In the past 2-3 hours alone, over $3 million in leveraged long positions have been liquidated. 
<h3 id="span-style-font-weight-400-xrp-s-long-term-outlook-remains-bullish-until-2030-span">XRP’s long-term outlook remains bullish until 2030</h3> 
While <a href="https://www.cryptopolitan.com/xrp-price-prediction/">XRP</a> was expected to drop 23% by November 18th, Changelly’s analysis disclosed a minimum price target of $5.36 by 2030 with a potential maximum peak of $6.36. The analysts said they believed in the potential growth and widespread adoption of XRP in the coming years. 
Technical indicators signaled a Bullish 88% market sentiment and a Fear &amp; Greed Index of 86 (Extreme Greed). In the long term, the data predicted a minimum price target of $255.67 and a maximum peak of $325.86 by 2040. The minimum price target of $410.96 and a maximum peak of $482.87 are expected by 2050. 
Similarly, analysts at Margex speculated that <a href="https://www.cryptopolitan.com/xrp-price-reaches-1.../...">XRP</a> could reach a maximum price of $2.21 depending on the outcome of the U.S. SEC case and the formation of a bullish divergence on the weekly RSI chart. However, CoinCDX’s optimistic data predicted a price range of $1.8 to $3 for XRP in 2025.&nbsp; 
According to Coin Price Forecast, XRP’s price was expected to hit $1.9 by the end of 2024, while Telegaon’s bullish forecast projected that XRP could trade at an average price of $12.34 by 2030, noting that XRP price predictions were subject to changes based on market dynamics.

XRP loses momentum and dips 14% after record multi-year high – Is the top in?

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