Major

Million

when

<p>XRP has been making headlines for years, from its legal showdown with the U.S. Securities and Exchange Commission (SEC) to its CEO’s meeting with <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">U.S. President-elect Donald Trump</a>. Now, fresh developments are reigniting excitement around the cryptocurrency.</p>   
<p>In the past month alone, XRP’s value has surged by 116.51%. New data highlights significant whale activity, and rumors of a potential partnership with Goldman Sachs are adding intrigue. </p>   
<p>Let’s explore the details.</p>   
<h2 class="wp-block-heading" id="h-whale-activity-hits-record-levels"><strong>Whale Activity Hits Record Levels</strong></h2>   
<p>Crypto investor Armando Pantoja recently revealed on X (formerly Twitter) that whales have accumulated 453.3 million XRP tokens in just seven days. This marks the largest whale accumulation in over three years.</p>   
<p>At the <a href="https://coinpedia.org/news/crypto-market-today-nov-19th-2024-bitcoin-price-at-91k-hedera-tezos-lead-gainers/" target="_blank" rel="noreferrer noopener">current price of $1.0919,</a> this translates to a massive $494.9 million worth of XRP. Such large-scale buying by whales often points to growing confidence in an asset, typically before major market shifts.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/_TallGuyTycoon/status/1858618729409421623 
 </div>
</figure>   
<h2 class="wp-block-heading" id="h-goldman-sachs-partnership-rumors">Goldman Sachs Partnership Rumors</h2>   
<p>Adding to the speculation, crypto investor Shawn recently suggested a potential partnership between Goldman Sachs and XRP. While his claims lack concrete evidence, the timing of the whale activity has led many to connect the dots.</p>   
<p>Reports suggest Goldman Sachs is planning to launch a <a href="https://coinpedia.org/beginners-guide/what-is-blockchain/" target="_blank" rel="noreferrer noopener">blockchain-based digital asset platform</a>. This initiative aims to facilitate the creation of financial instruments, trading, and investment services. If true, XRP’s blockchain capabilities could align well with Goldman Sachs’ ambitions.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/oroogle/status/1858540701102792716 
 </div>
</figure>   
<h2 class="wp-block-heading" id="h-xrp-market-overview-nbsp">XRP Market Overview&nbsp;</h2>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/19171351/XRP-Market-Overview--1024x576.png" alt="" class="wp-image-381857">
</figure>   
<p>In the last seven days, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP has grown by 61.9%</a>. In the past one hour alone, it has climbed at least 0.3%. At the start of this month, the XRP price was nearly $0.5138. It dropped slightly to $0.5026 on November 8.</p>   [post_titles_links postid="381656"]   
<p>On November 16, XRP hit a monthly high of $1.1195. Currently priced at $1.0992, it remains 66.83% below its all-time high of $1.8339 from April 2021. This gap suggests the market still has significant growth potential if current trends continue.</p>   
<p>The massive whale accumulation and speculation about a Goldman Sachs partnership hint at a potentially big development for XRP. While the details remain unconfirmed, these factors have fueled optimism among investors.</p>   
<p><strong>With the market heating up and XRP showing strong momentum, it’s worth keeping an eye on. Could this be the start of a new growth phase for XRP? Time will tell.</strong></p>

Major Ripple Announcement Incoming? XRP Whales Add 453M Tokens

Table of Contents

CoinPedia News

Other articles published on Nov 19, 2024

Hedera Price Prediction: HBAR Soars 38% As Trump Nominates Brian Brooks For SEC Chair And Analyst...

Crypto Weekly Highlights: MicroStrategy’s $2B Bitcoin Buy, $232M Scam Arrests, and Tragic Death o...

Genius Group Strengthens Reserves with $10M Strategic Bitcoin Acquisition

Russia Proposes 15% Tax on Crypto Income to Regulate Sector

Veteran Analyst Peter Brandt: "XRP Is Ready for a Big Rally, But on One Condition!"

Bybit Launches $50,000 BTC Trading Competition To Celebrate ATH

Join our free newsletter for daily crypto updates!