XRP Market Cap Explodes By 23% In A Day As Whale Appetite Soars

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XRP Market Cap Explodes By 23% In A Day As Whale Appetite Soars - NewsBTC

Quick Summary:

Technical Indicators Based on data by CoinCheckup, increasing investor confidence and a better general market mood is seen to lift XRP’s price by about 23.79% in the next three months.Given a forecast of 179.39% rise over the next six months, the mid-term picture is far more optimistic.

Wallets holding between 1M-10M coins on the XRP Ledger now hold an all-time high 7.06B coins ($4.42B), and the project’s social media discussions are at their highest levels since January.pic.twitter.com/QjEzIZGQAJ — Santiment (@santimentfeed) August 7, 2024 Many large token holders, as a result of the altcoin’s strong performance, would now want to hold on to their tokens instead of selling them.

According to a fresh Santiment analysis, there are an all-time high (ATH) of 7.06 billion coins, or $4.42 billion, worth of addresses on the XRP Ledger owning between 1 million and 10 million XRP.📈 XRP’s market cap has skyrocketed once again, growing by +23% in the past 24 hours.