XRP Surges to $2.49, Highest Price Since January 2018
XRP has reached $2.49, its highest market value since January 8, 2018, following a 395% price increase since November 5. This surge indicates renewed investor interest and strong market momentum, positioning XRP as a notable performer in the crypto market.
Data from blockchain analytics firm Santiment shows significant accumulation among large holders. Over three weeks, wallets holding 1M-10M XRP have accumulated 679.1 million tokens, valued at $1.66 billion. This trend reflects growing confidence in XRP’s future, particularly amid a bullish broader market.
Analysts anticipate further upside for XRP and the crypto market, driven by increased demand. As XRP approaches new highs, attention will focus on its ability to maintain this momentum and overcome psychological resistance levels.
XRP Extends Record-Breaking Rally
XRP continues its upward trend, surging 30% in under 24 hours and surpassing the $2 mark. It has reached $2.49 after consolidating below $2, marking a level not seen since January 8, 2018.
Recent data from Santiment highlights that wallets holding 1M-10M XRP added 679.1 million tokens in three weeks, translating to $1.66 billion. Furthermore, XRP's total non-empty wallets have exceeded 5.5 million, a historic milestone in its over eight-year history.
This data underscores intensifying demand for XRP, contributing to its record rally. Analysts and investors are closely monitoring wallet activity and accumulation patterns, which support XRP's upward trajectory.
If XRP continues to capitalize on these bullish trends, maintaining momentum will be essential. Sustained accumulation and growth could redefine XRP’s market position, setting new benchmarks for its next phase.
XRP Price Holds At $2.30
XRP is currently trading at $2.30 after a rally that brought it close to $2.50, near its all-time high. The asset has shown significant gains over the past month, revisiting price levels last seen in 2018.
The bullish momentum remains strong, with traders watching the $2.30 level as key support. If XRP maintains this level, a breakout above $2.50 appears likely, paving the way for higher resistance tests.
Conversely, failing to hold above $2.30 may result in a short-term pullback, with potential support at $2.08. This level could facilitate consolidation before another upward attempt.
Market participants are focused on XRP’s price action, as its ability to sustain current levels will influence its next movements. With continuing bullish sentiment driving demand, the upcoming hours are critical for XRP to solidify its position above $2.30 and target new milestones beyond $2.50.
Featured image from Dall-E, chart from TradingView