bullish

2024

Notable

<ul class="wp-block-list">
 <li>XRP’s whale activity over the weekend saw over 50 million XRP bought.</li>
 <li>If XRP follows historical trends, it could hit $30 by January 2025, boosting its market cap to $1.7 trillion.</li>
</ul>
Ripple’s native token, XRP, has <a href="https://x.com/ali_charts/status/1860903488747901253" target="_blank" rel="noopener noreferrer nofollow">witnessed</a> a significant boost in whale activity over the weekend. Over 50 million XRP were purchased by whales, fueling the ongoing bullish momentum.&nbsp;
Notable transactions included a 20 million transfer ($27.24 million) from an unknown wallet to Bybit and another 20 million XRP transfer ($28.98 million) from Upbit to an unknown wallet. These high-value transfers highlight growing interest among large investors in XRP.
Currently<a href="https://www.tradingview.com/chart/xTeB2FRP/?symbol=CRYPTO%3ABTCUSD" target="_blank" rel="noopener noreferrer nofollow"> trading</a> at $1.48, XRP has risen by 0.98% in the last 24 hours, supported by a trading volume of $12.60 billion, which surged 16.63% during the same period. XRP’s market capitalization stands at $84.38 billion, with a fully diluted valuation (FDV) of $148.04 billion and a volume-to-market cap ratio of 14.70%.
XRP’s recent rally draws parallels to its March 2017 surge. Should XRP close this month’s candle at $2, it would represent a 288% gain, potentially paving the way for prices of $5 in December and $30 by January 2025.&nbsp;
Achieving the $30 price point would elevate XRP’s market cap to approximately $1.7 trillion, challenging <a href="https://thenewscrypto.com/bitcoin-hovers-around-98k-amid-500m-liquidations/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> current valuation of $1.9 trillion. While ambitious, XRP’s 59% weekly surge and robust whale activity provide a strong foundation for this optimistic projection.
<h3 class="wp-block-heading" id="h-technical-indicators">Technical Indicators</h3>
XRP’s current support level stands at $1.42, with immediate resistance at $1.50. Breaking above $1.50 could open the door for XRP to test the $2 level. The Relative Strength Index (RSI) is at 64.38, reflecting bullish momentum while nearing overbought territory.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://thenewscrypto.com/wp-content/uploads/2024/11/XRPUSDT_2024-11-25_12-59-05-1024x472.png" alt="" class="wp-image-115516" srcset="https://thenewscrypto.com/wp-content/uploads/2024/11/XRPUSDT_2024-11-25_12-59-05-1024x472.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/11/XRPUSDT_2024-11-25_12-59-05-300x138.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/11/XRPUSDT_2024-11-25_12-59-05-768x354.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/11/XRPUSDT_2024-11-25_12-59-05-1536x708.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/11/XRPUSDT_2024-11-25_12-59-05.png 1814w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
</figure>
The 9-day moving average (MA) at $1.42 has crossed above the 21-day MA at $1.44, signaling a bullish trend. This crossover indicates continued <a href="https://thenewscrypto.com/ethereum-confronts-brief-price-dip-post-recent-upward-rally/" target="_blank" rel="noopener noreferrer nofollow">upward </a>pressure. Sustaining above the support level and maintaining momentum could lead to further price gains, while a drop below support might trigger short-term consolidation. With historic trends and current momentum aligning, the token is poised for continued growth. Highlighted Crypto News Today <a href="https://thenewscrypto.com/top-gamefi-tokens-to-watch-before-2024-ends/" target="_blank" rel="noopener noreferrer nofollow">Top GameFi Tokens to Watch Before 2024 Ends</a>

Will XRP’s Whale Purchases Drive Its Price to New Heights?

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