- The purchase of whales worth $30 million in XRP meant renewed confidence and potential price growth.
- XRP’s technical indicators suggested further bullish momentum if volume and sentiment continue.
In the last 24 hours, whale investors have bought a whopping 30 million Ripple[XRP] tokens, creating massive demand and drawing attention to XRP’s price potential.
This sudden spike raises an important question: could this be the start of a big rally for XRP? Even more intriguing, is it possible for XRP to reach extreme price levels such as $100, $300, or even $500?
Whale activity and immediate price impact
Santiment data highlights a significant increase in the number of whale transactions over $1 million, which coincided with an upward move in the price of XRP.
Over the past 24 hours, whale addresses have aggressively collected around 30 million XRP tokens, signaling renewed confidence among major investors.
Source: Santiment
This increase in whale activity often precedes price increases, as significant buying pressure reduces available supply and boosts market sentiment.
On the chart, the price of XRP shows a clear increase due to the increase in whale transactions. Notably, the highest concentration of these whale movements corresponds to the coin’s price of approximately $2.54.
If this pattern holds, the current accumulation could drive the price of XRP higher in the near term. Such behavior often fuels speculation about whether XRP is entering a new bullish phase.
What the statistics say
The daily chart of XRP showed a notable uptrend, with trading volume spiking during the recent rally, reflecting strong buying momentum.
However, volume has decreased somewhat, indicating possible indecision or consolidation before the next step.
The RSI stood at 65.79, indicating that XRP is approaching overbought territory but still has room for upside. This level often signals a continuation of bullish sentiment, provided buyers remain in control.
Source: TradingView
Meanwhile, the 50-day MA rose above the 200-day MA to form a Golden Cross – a classic bullish signal. This crossover reflects a long-term shift in market structure in favor of buyers.
If the coin maintains volume above 8 million and the RSI stabilizes below 70, this could set the stage for another move higher. However, declining volume could lead to a near-term retracement.
Read XRP’s 2024-2025 Price Prediction
Can XRP reach $100, $300 or $500?
While it seems unlikely that the coin will reach extreme prices such as $100, $300 or $500 under current conditions, several factors could support such astronomical growth. Decisive legal victories for Ripple against the SEC could lead to massive institutional adoption and exponential demand.
Furthermore, if XRP’s usefulness as a bridge currency for cross-border payments is widely adopted by global financial institutions, network usage and token speed could increase dramatically.
Supply dynamics would also play a role; Reduced circulating supply via significant whale accumulation or token burning could strengthen price action.
For XRP to reach these levels, however, it would require a broader increase in market capitalization and unprecedented global adoption.