Captain

Despite a dip in XRP price today, the native token of Ripple is in the spotlight as top analysts predict a potential price surge. Prominent market experts foresee a bullish reversal trend in XRP, potentially propelling XRP to the $2 mark. 
Notably, this optimism is fueled by notable whale activities, suggesting an imminent price breakout. As XRP gears up for this potential rally, the crypto community is keenly watching the unfolding dynamics. 
<h2 id="analysts-foresee-xrp-price-to-hit-2">Analysts Foresee XRP Price To Hit $2</h2> 
In a recent analysis, Captain Faibik, a well-known crypto market analyst, stated that <a href="https://coingape.com/trending/xrp-supply-on-exchanges-drops-to-months-low-price-to-hit-rock-bottom/" target="_blank" rel="noopener">XRP</a> might have already hit its lowest point. In addition, he said that XRP is on the verge of witnessing a reversal trend, potentially driving its prices to new heights. Besides, Captain Faibik has set a midterm XRP price target of $2. 
In a recent X post, he shared the prediction along with a price chart of XRP. Notably, this forecast comes amid increasing whale movements in the <a href="https://coingape.com/xrp-price-defies-market-trend-as-whale-dumps-52m-coins-whats-next/" target="_blank" rel="noopener">XRP market</a>, with large holders transferring substantial amounts of the token, sparking speculation about a price rebound. 
<figure style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" src="https://pbs.twimg.com/media/GRDKUSIXgAA7y-W?format=jpg&amp;name=4096x4096" alt="XRP Price Prediction Chart" width="753" height="360">
 <figcaption class="wp-caption-text">
 Source: Captain Faibik
 </figcaption>
</figure> 
On the other hand, another influential analyst, EGRAG Crypto, has echoed a similarly optimistic outlook for XRP. In a series of posts, EGRAG highlighted technical indicators suggesting a significant uptrend. 
<figure style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" src="https://pbs.twimg.com/media/GQ8FBG5X0AAcU1v?format=png&amp;name=large" alt="XRP Price Analysis" width="751" height="328">
 <figcaption class="wp-caption-text">
 Source: EGRAG CRYPTO, X
 </figcaption>
</figure> 
Meanwhile, he pointed out that XRP’s dominance could challenge key resistance levels, potentially leading to a substantial price increase. Earlier, referring to historical data and Fibonacci retracement levels, EGRAG CRYPTO predicted the XRP price to hit $7.5. 
<figure style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" src="https://pbs.twimg.com/media/GPsi4KkXsAAuEuV?format=jpg&amp;name=large" alt="XRP Price Chart Prediction " width="753" height="313">
 <figcaption class="wp-caption-text">
 Source: EGRAG CRYPTO, X
 </figcaption>
</figure> 
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<h2 id="whale-movements-further-fuels-speculations">Whale Movements Further Fuels Speculations</h2> 
The recent whale activities surrounding XRP have further fueled bullish sentiments. According to data from the on-chain transaction tracker Whale Alert, nearly 120 million XRP tokens were moved in four large transactions recently. 
According to <a rel="nofollow" href="https://whale-alert.io/transaction/ripple/6BB3376749B8EAFC3945D5D3F81B9A2403C09853764A7F83BC7B867A39DCC764" target="_blank">Whale Alert</a>, a whale, identified by the wallet address “rfQ9E…k8Cvi” has accumulated 28.89 million XRP from Binance. However, in the second transaction, another whale dumped 24.04 million XRP, worth around $11.29 million, to Bitso Exchange. 
Simultaneously, the same whale transferred 31.8 million XRP, worth $14.94 million, to Bitstamp again today. However, in the most recent transaction, a whale with wallet address “rhWj9…FLQkK” amassed 32.40 million XRP, valued at $15.12 million, from Binance. 
Meanwhile, such <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> accumulations often indicate strategic positioning by major holders, potentially signaling an upcoming price surge. Several market watchers anticipate these whale transactions to set the stage for a significant rally, aligning with the bullish predictions from market experts. 
However, as of writing, <a href="https://coingape.com/price/xrp/" target="_blank" rel="noopener">XRP price</a> was down 1.17% to $0.4676 amid a broader market downturn. With a market cap of $26.04 billion, the crypto has touched a high of $0.4756 in the last 24 hours. On the other hand, XRP Futures Open Interest signals a neutral sentiment, while the Options Open Interest soars more than 15.02% to $290.99K. 
Also Read: <a href="https://coingape.com/cardano-shifts-governance-to-icc-and-reveals-readiness-for-chang-hard-fork/" target="_blank" rel="noopener">Cardano Shifts Governance To ICC And Reveals Readiness For Chang Hard Fork</a> 
The post <a href="https://coingape.com/xrp-price-to-hit-2-analyst-predicts-amid-massive-whale-movements/">XRP Price To Hit $2 Amid Massive Whale Movements</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

XRP Price To Hit $2 Amid Massive Whale Movements

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