Ripple (XRP) Sees Recovery Amid Predictions Of 255% Price Surge
Ripple
(XRP)
recently
experienced
substantial
losses,
with
its
price
plummeting
25%
from
April
1
to
June
30.
This
downward
trend
continued
into
July,
seeing
a
further
decline
of
11.59%
in
just
one
week.
However,
this
week,
XRP
has
started
to
recover,
currently
trading
at
$0.4415
with
a
market
cap
of
$24.59
billion,
securing
the
seventh
position
in
the
crypto
market.
Despite
the
recent
downturn,
some
market
experts
predict
a
potential
rebound
for
XRP.
Prominent
analyst
Crypto
Bitlord
recently
expressed
optimism
on
social
media,
hinting
at
significant
developments
for
XRP.
Bitlord’s
post
suggested
that
“something
big
is
about
to
happen
to
XRP,”
fueling
anticipation
among
investors
and
market
watchers.
Another
well-known
analyst,
Javon,
shared
a
positive
outlook,
suggesting
that
Ripple
could
be
on
the
brink
of
a
major
rally.
Javon’s
analysis
of
the
XRP/BTC
trading
pair
suggests
a
potential
trend
reversal
in
favor
of
XRP.
According
to
Javon,
XRP
has
broken
out
of
a
long-term
downtrend,
a
crucial
technical
signal
that
often
precedes
a
shift
in
market
direction.
Ripple
Price
Surge
Predictions
Javon
highlights
that
XRP’s
breakout
is
accompanied
by
a
bullish
divergence,
where
XRP’s
price
has
made
lower
lows
while
the
Relative
Strength
Index
(RSI)
forms
higher
lows.
This
divergence
indicates
a
waning
downward
momentum
and
the
onset
of
a
bullish
trend.
Javon
predicts
this
setup
could
lead
to
XRP
outperforming
Bitcoin
by
over
255%,
potentially
driving
the
price
above
$1.50
and
even
towards
$4
or
$10
in
the
long
term.
Meanwhile,
large
XRP
holders,
known
as
whales,
have
been
on
an
accumulation
spree
despite
market
challenges.
These
whales,
specifically
those
holding
between
100
million
to
500
million
XRP,
have
significantly
increased
their
holdings.
As
of
May
16,
these
addresses
collectively
held
11.376
billion
XRP.
According
to
the
latest
data,
they
now
possess
11.579
billion
XRP,
reflecting
an
increase
of
about
203
million
XRP
in
six
weeks.
Furthermore,
wallets
containing
1
million
to
20
million
XRP
have
increased
their
holdings
by
an
additional
347
million
XRP
during
this
period.
In
total,
investors
with
holdings
ranging
from
10
million
to
500
million
XRP
have
collectively
acquired
550
million
Ripple
since
May
16.
This
increase
in
whale
activity
coincides
with
smaller
addresses
selling
off
over
8
million
XRP.
This
trend
has
sparked
speculation
that
institutions
might
be
displacing
retail
investors.
While
speculative,
this
trend
underscores
growing
market
confidence
among
large
investors,
potentially
bolstering
bullish
sentiment
towards
XRP.
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