Rally

<p>In a latest development, an onchain analyst Kriptolik has <a href="https://cryptoquant.com/insights/quicktake/674cbae870ff4a54cd9d384c-XRP-Whale-Activity-Hits-All-Time-High?utm_source=twitter&amp;utm_medium=sns&amp;utm_campaign=quicktake&amp;utm_content=thekriptolik&amp;utm_term=xrp">noted </a>the increasing whale activity on XRP. He noted that Since its launch, XRP has never caught the attention of whales to this extent. With XRP whale activity at an all-time high, this indicates that XRP has now been embraced as a valuable asset by whales.</p>   
<p>Notably, XRP has recently hit yet another multi-year high of $2.79. This rally pushed its market cap beyond $130 billion, which led to XRP outperform popular coins like Solana (SOL), BNB, and Dogecoin (DOGE). Remarkably, this bullish momentum has led XRP to unseat Tether as the third-largest crypto by market cap, with XRP currently sitting at a market cap of $154 billion compared to Tether’s $134 billion.</p>   
<h2 class="wp-block-heading" id="h-rally-driven-by-whales">Rally Driven By Whales!</h2>   
<p>Crypto analysts suggest that XRP’s recent rally was largely driven by whale activity, triggering a fear of missing out among retail investors. In a latest X post, CryptoQuant CEO Ki Young Ju noted that whale activity on Coinbase played a significant role.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/ki_young_ju/status/1863524268753277039 
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<p>He noted that “Coinbase whales are driving this XRP rally. Over the past 30 days, Coinbase's minute-level price premium has ranged from 3% to 13% during the surge. Meanwhile, Upbit, a Korean exchange with more XRP investors than Binance, has shown no significant premium so far.”</p>   
<p>Santiment, a leading analytics firm, in a recent X post noted that wallets holding between 1 million and 10 million XRP added 671 million coins worth a whopping $1.66 billion in just three weeks.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/santimentfeed/status/1863481287559819656 
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<p>Notably, crypto whales aren’t the only ones driving XRP’s recent surge. Sentiment data also highlights significant involvement from retail investors. The total number of XRP wallets has reached an all-time high of 5.5 million, indicating that many previously inactive wallets are now holding balances.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-rlusd-around-the-corner">RLUSD Around The Corner?</h2>   
<p>According to <a href="https://www.foxbusiness.com/markets/ripple-poised-new-york-approval-stablecoin-set-enter-regulated-us-crypto-market?%3Fintcmp=tw_fbn">Fox Business</a>, Ripple is preparing for a potential launch as early as Dec. 4. If this happens, it will be crucial for Ripple as it would position RLUSD as a direct competitor to established stablecoins like USDC and USDT.</p>   
<p>RLUSD would enable Ripple to provide a stable alternative for users seeking the benefits of digital assets without the price volatility associated with XRP or other cryptocurrencies.</p>   
<h2 class="wp-block-heading" id="h-analysts-bullish-on-xrp">Analysts Bullish on XRP</h2>   
<p>While XRP is currently sitting at $2.68, it still trades about 30% below its all-time high of $3.84, achieved in January 2018. Notable crypto analyst <a href="https://x.com/DefendDark/status/1863529039559893423">Dark Defender</a> has identified a Fibonacci-based target of $5.85, marking it as a key level.&nbsp;</p>   
<p>He noted that XRP has consistently met critical milestones, including its recent surge past $1.88, and highlights support levels at $1.88 and $2.13 as potential safety nets. His roadmap even charts a long-term target of $18.22, which is bold prediction.&nbsp;</p>   
<p>Raoul aul, the CEO of Real Vision, also shared XRP’s 'good-looking chart’ and believes that it has a lot of potential to go up.&nbsp;</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/RaoulGMI/status/1863599105114522029 
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XRP Outperforms Tether In Market Cap; Witnesses Massive Rally Driven By Whales

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