NewsBTC

20 January 2025

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XRP Whale Transfers 30 Million Tokens Amid Price Surge

Ripple's XRP has experienced a significant price surge following the US elections, breaking key resistance levels. Key points include:

• XRP's price remained stagnant for three years due to SEC investigations.
• On December 2, 2024, XRP surpassed $2; on January 16, 2025, it exceeded $3.
• On January 19, 2025, an XRP whale transferred 30 million tokens (valued at approximately $95.5 million) from Upbit to an unknown wallet, raising speculation about XRP's price direction.
• Market sentiment is optimistic, with some predicting XRP could reach between $20 and $24.
• Experts suggest XRP is breaking out of a long-term symmetrical triangle pattern, with a potential long-term target of $15 according to analyst Ali Martinez.
• Davinci Jeremie forecasts XRP may hit $24, cautioning that it may not be a safe long-term investment.

Current trading indicates XRP is at a seven-year high, outpacing other digital assets.