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XRP Split from Altcoins: The Persistence of Whales May Bring Bullish Momentum to the Price! - Coin Bulletin
Ripple (XRP) the increasing accumulation of whales and the rise to heaven in network activity may pave the way for the price to enter a bull trend.
According to Santiment data, XRP (XRP) has shown a 14% increase in the last 24 hours, successfully surpassing the $2.50 resistance level. XRP's recent performance indicates that it is charting its own path away from the altcoin market. This situation can be explained particularly by the increasing interest of large investors, namely the bulls.
In the last two months, wallets holding at least 1 million XRP purchased a total of 2.82 billion more XRP. This indicates a significant rise of 6.5%. XRP address activity also experienced a noteworthy rise in March. Interactions on the network increased nearly sixfold compared to previous months. This important increase highlights not only the rise in XRP's price but also that the network is seeing more usage and that the ecosystem of the network is strengthening.
Santiment data reveals that whales play a significant role behind XRP's rise. These large investors continue to have a major impact on the price by accumulating XRP. Additionally, Ripple's victory against the SEC has been effective in increasing XRP's value. With the SEC withdrawing its appeal against Ripple, the future of XRP looks even brighter.
Expectations for XRP price
According to Santiment, the rise in XRP's price could gain further momentum with whales continuing to accumulate and increased network activity. The increase in the amount of coins accumulated by whale investors could trigger a bull market in XRP's future price movements. Not only the increase in XRP's price but also the greater adoption of its network could ensure that this bull market continues strongly.
The effects of Ripple's SEC victory
Ripple's victory could be a turning point that strengthens not only the power of XRP but the entire cryptocurrency ecosystem. With this victory, investors can take even more secure steps and may prefer XRP more. The interest of whales and increasing network activity may pave the way for XRP to reach higher price levels in the long term.