Value

FOMO

<p>As the end-of-year holidays approach, the crypto market lights up, and several digital currencies emerge as promising gifts. Among them, XRP shines brightly, attracting both institutional investors and individuals. With a spectacular return in November, Ripple’s token seems ready to set new historical highs. Recent data analysis reveals a record accumulation of XRP tokens by crypto whales, suggesting an even brighter future for this altcoin.</p> 
<h2 id="h-xrp-des-sommets-historiques-en-vue">XRP: historical highs in sight</h2> 
<p>In November 2024, XRP recorded <strong>a spectacular ROI of 297%</strong>, surpassing its previous peak from 2021. This performance, the best since 2017, brought its price to $1.95, <a href="https://www.cointribune.com/en/xrp-hits-1-93-breaking-a-seven-year-record/" target="_blank" rel="noreferrer noopener">its highest level in seven years</a>.</p>
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<p>Analysts, like Jacob Canfield, estimate that <strong>the <a href="https://www.cointribune.com/en/crypto-markets/xrp-xrp-en/" target="_blank" rel="noreferrer noopener">XRP price</a> could double its previous record of $3.40</strong> to reach $6.60 by 2025. Based on Fibonacci extensions and BTC’s relative performances in 2017, Canfield describes this level as “<em>the ideal FOMO target</em>“.</p> 
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     <p lang="en" dir="ltr">The only difference between this <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> move and those in the past is the price of Bitcoin is 5X higher than it was in 2017.<br><br>If we use Canfield Fibonacci extensions to give us an idea of where this move may take us, it would be at the 11.09 fib exension. <br><br>This would put the price… <a href="https://t.co/fNYay1eFLF">pic.twitter.com/fNYay1eFLF</a></p>— Jacob Canfield (@JacobCanfield) <a href="https://twitter.com/JacobCanfield/status/1863396372449542360?ref_src=twsrc%5Etfw">December 2, 2024</a>
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<p>Tony Edward, founder of the Thinking Crypto podcast, shares a similar but more cautious perspective, placing the target price <strong>between $5 and $8</strong>. To reinforce this optimistic scenario, on-chain data reveals a <strong>growing enthusiasm among investors</strong>.</p> 
<p>XRP wallets have reached <strong>5.5 million active users</strong>, an unprecedented figure in eight years. This surge indicates renewed interest in Ripple.</p> 
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<h2 id="h-les-baleines-propulsent-la-crypto-de-ripple-vers-de-nouveaux-horizons">Whales propel Ripple’s crypto to new horizons</h2> 
<p>Institutional investors, dubbed <strong>the “whales”, continue to wield significant influence over XRP’s momentum.</strong> Over the past three weeks, wallets holding between 1 and 10 million XRP <strong><a href="https://x.com/santimentfeed/status/1863481287559819656" target="_blank" rel="noreferrer noopener">have accumulated 679.1 million tokens</a></strong>, representing $1.6 billion.</p> 
<p>This massive accumulation reflects an unwavering confidence in Ripple’s future potential.</p> 
<p><strong>Some notable figures</strong>:</p> 
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 <li>5.5 million active XRP wallets in 2024, a historical record;</li> 
 <li>$3.99 billion in open interest on XRP futures, an unprecedented peak;</li> 
 <li>A 100% increase in transaction volume on the futures market since the end of November.</li> 
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<p>Neel, a crypto educator, also highlights that the growing interest from individuals in XRP shows that new investors are venturing into the market, attracted by the media buzz surrounding Ripple.</p> 
<p>“<em>Such momentum is rare</em>,” he concludes.</p>
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<p>In conclusion, XRP continues to surprise, now ranking as the <a href="https://www.cointribune.com/en/?p=748503" target="_blank" rel="noreferrer noopener">3rd crypto by market capitalization</a>. This meteoric rise could worry Ethereum, which needs to keep a close eye on this rival. One thing is certain: Ripple isn’t done making headlines.</p>

Crypto: XRP Could Double Its Value And Reach $6.60 By 2025

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