<ul>
 <li><strong>Whale activities have sparked various market sentiments and anticipation of XRP reaching $2.</strong></li>
 <li><strong>The growing number of XRP whales due to Ripple’s escrow system is influencing market dynamics.</strong></li>
</ul>
<p>The Ripple Labs-backed cryptocurrency <a href="https://www.crypto-news-flash.com/sec-vs-ripple-xrp-slides-as-court-ruling-looms/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> has once again sparked interest in the broader cryptocurrency market. Whales are said to have shuffled almost 120 million coins in the last 24 hours, according to on-chain data, which has many talking about how XRP will value in the future.</p>
<h2 id="strong-whale-activity-and-market-sentiment-strong"><strong>Whale Activity and Market Sentiment</strong></h2>
<p>Especially, the token has been the subject of recent hopeful talk about its ability to scale $2 ahead. Huge whale activity has drawn attention from all across the world as it has emerged amid this very positive buzz about the Ripple-backed coin.</p>
<p>Whale Alert on X reports that throughout the last day, whales moved a total of 120.18 million XRP coins. These were dumps as much as accumulations.</p>
<p>Famous XRP whale…Over two transactions, Rzn moved 63.89 million coins to the CEXs Bitstamp and Bitso. Two addresses, rhWj9gaovw and rfQ9EcLkU6, on the other hand, have amassed 56.29 million <a href="https://www.crypto-news-flash.com/xrp-whales-increase-as-ripples-escrow-system-limits-supply/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> from Binance, one of the top cryptocurrency exchanges in the world.</p>
<h3 id="strong-market-enthusiasm-and-price-predictions-strong"><strong>Market Enthusiasm and Price Predictions</strong></h3>
<p>With the market expecting a possible $2 price objective in the next few months, these purchases have generated a variety of market moods for the asset.</p>
<p>Concurrently, <a href="https://www.crypto-news-flash.com/ripple-to-keep-25-billion-xrp-in-reserve-for-strategic-use-and-profit/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> moved in the green today, in line with the general trend of the crypto market. CoinMarketCap data shows that the price of XRP is about <strong>$0.4789</strong> at the time of writing, up <span style="color: #339966;"><strong>1.43%</strong></span> from the previous day. It does, however, show a bearish posture, with a <span style="color: #ff0000;"><strong>2.20%</strong></span> fall throughout the last seven days.</p>
<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>Earlier, CNF reported on the increasing number of <a href="https://www.crypto-news-flash.com/xrp-whales-increase-as-ripples-escrow-system-limits-supply/" rel="noopener noreferrer nofollow">XRP whales</a> brought on by Ripple’s supply-limiting escrow system. By guaranteeing a regulated XRP release into the market, this system affects whale-accumulating tactics.</p>

XRP Whales Are Stirring: Could $2 Be on the Horizon?

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Crypto News Flash

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