XRP News: The crypto has made a new record crossing the brief $1 mark today, sparking optimism in the broader market. Notably, the rally comes as Ripple whales have continued their accumulating, signaling growing interest in the crypto. Besides, CEO Brad Garlinghouse has also shared bullish comments on the broader crypto market under Trump’s presidency, which have sparked further market optimism.
Ripple Whale Buying Sparks Market Optimism
The crypto market noted a strong rally over the last few days, led by a Bitcoin price surge, especially after Donald Trump’s election win. Additionally, in XRP news, Ripple whales have accumulated millions of tokens over the last few days, sparking a rally in XRP.
Prominent crypto market expert Ali Martinez said that Ripple whales have accumulated 320 million XRP in the last 72 hours. This also reflects the growing market interest in crypto amid positive market trends.
Besides, in a recent interview with FOX, CEO Brad Garlighouse highlighted the growing trend of the crypto issued by US firms like Solana, Cardano, and others. Besides, he has also described the post-election sentiment as a transformative opportunity for the digital assets space, expecting pro-crypto policies to further boost market confidence.
Meanwhile, he also said that XRP, SOL, and ADA, among others, have recently outperformed other crypto due to anticipation over clear regulations in the US. Donald Trump’s win has fueled the US appeal for the global crypto market enthusiasts, with many like the UK also moving ahead with their plan to counter the soaring influence of the country.
XRP Rally To Continue?
XRP price was up over 24% during writing and exchanged hands at $1.08, marking its highest level since 2021, sparking market optimism. Its trading volume soared 21% to $15.46 billion, and CoinGlass data showed that XRP Futures Open Interest rose 26% to $1.91 billion, indicating further rally ahead.
In addition, popular crypto market analyst EGRAG CRYPTO said that the next target for XRP is $2. This has also sparked the confidence of the market participants over further rallies in the coming days for the crypto. Besides, the clear regulatory path in the US could also bring XRP ETF into reality, which the market has waited for a long time.
Besides, in another analysis, EGRAG CRYPTO said that the XRP price might rally to $6.4 next, if it closes maintains above the $1.10 resistance. Besides, the analyst also said that post $6.4, the next target for the crypto would be at $13, bolstering market confidence.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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