XRP Jumps to New Heights: Whales are Riding the Wave!

XRP Price Forecast 7% Spike and $17 Million Whale Transaction – Here's the Latest Update

XRP Price Prediction – XRP jumps 7%, whale moves $17M in assets. What’s happening?

Image Source: TradingView

Hey there, digital asset investors! Hold on to your hats, because XRP (XRP) is making waves once again. This cryptocurrency, which powers the XRP Ledger created by Ripple Labs, has soared nearly 8% in the past week. And the cherry on top? It skyrocketed over 3.5% in the last 24 hours, reaching a vibrant $0.60 for the first time since mid-August.

XRP has been riding a wild uptrend since finding support at its 200DMA. Breaking free from its $0.46-$0.55ish range, which had held it captive for two long months, XRP is finally free to splash around in higher price territory.

So, what’s propelling XRP’s surging tide? It seems that Bitcoin (BTC) is leading the charge, as the broader cryptocurrency market basks in the enthusiasm surrounding institutional adoption and the potential approval of spot Bitcoin Exchange Traded Funds (ETFs) in the US. However, Bitcoin has been taking a breather lately, looking like it’s just floating in the shallows.

• Bitcoin’s market share reaches a new high since April 2021, altcoins are rising with the wind, let’s take stock of the recent impressive altcoins.
• Bitcoin 15 years, 43 million times
• 15 Years of Bitcoin: Unleashing the Crypto Revolution

But fear not! The explanation for XRP’s latest pump might just be swimming below the surface. On-chain evidence suggests a growing accumulation of XRP by whales on the XRP Ledger. According to the vigilant folks at Whale Alert, a staggering 30 million XRP tokens recently swam out of Bybit and into an unknown wallet. And that’s not all! Another 50 million XRP tokens embarked on a journey from Crypto.com to an undisclosed destination. Talk about underwater treasure hunting!

You see, crypto investors tend to shift their precious coins out of exchanges when they plan to HODL (Hold On for Dear Life) and deposit them back in when they plan to sell. So, the latest whale movements strongly indicate that they are HODLing for dear life. But wait, there’s a plot twist! Rumors are circulating that Ripple Labs might be involved since 25.3 million XRP tokens were recently deposited to Bitstamp. Ripple, making a splash as always!

XRP also keeps bobbing along on the waves of optimism surrounding Ripple Labs’ ongoing lawsuit against the SEC. After the SEC dropped charges against two key Ripple executives and suffered a partial legal defeat in July, hope has been a life raft for XRP.

Price Prediction – Where Next for XRP?

Now that XRP has triumphantly breached resistance in the $0.5850 area and left its multiverse in the $0.46-$0.55 range behind, the tides of fortune seem strongly in its favor. The strong rebound from the 200DMA adds to the bullish chorus of price predictions.

If Bitcoin continues its upward ascent and Ripple keeps making waves in the legal battle against the SEC, there’s nothing stopping XRP from swimming swiftly back towards its yearly highs in the $0.90s. What a splash! That’s a colossal 60% rally from its current levels, making XRP an irresistible choice for many long-term investors.

XRP Alternative to Consider – Bitcoin Minetrix ($BTCMTX)

But hold on, folks! There’s an intriguing new player on the cryptocurrency horizon. It’s called Bitcoin Minetrix, and it’s making waves in the world of decentralized Bitcoin mining. This revolutionary protocol has already raised a staggering $2.9 million in funds from early investors during its $BTCMTX token presale. Talk about making a splash!

With $BTCMTX as the fuel for this mining endeavor, investors can stake their tokens to earn non-transferable Bitcoin Minetrix mining credits. These credits can be burned to claim their share of Bitcoin Minetrix’s mining revenues. As a bonus, $BTCMTX token holders will also float towards $BTCMTX rewards, thanks to a special allocation for early stakers.

The Bitcoin Minetrix protocol is like a majestic whale, governed by smart contracts built on top of the decentralized Ethereum blockchain. This guarantees transparency and security in a sea of centralized cloud mining services. So, don’t be a fish out of water – dive in and check out Bitcoin Minetrix!

---

So, my fellow investors, are you ready to ride the waves with XRP? Will you be the one to discover hidden treasures with Bitcoin Minetrix? Grab your wetsuits and surfboards and let’s make a splash in the world of digital assets! Let me know your thoughts in the comments below.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!