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Altcoin News

Will XRP Reach $5? Whale Moves $700 Million in XRP

Whale Alert reveals a wallet moved 300M XRP ($650 M) to Ripple, while another transferred 30M XRP to Bithumb exchange.

Written By Ronak Kumar Ronak Kumar
Fact Checked by Dhara Chavda Dhara Chavda
Published January 2, 2025 10:27 AM·Updated 1 year ago
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Will XRP Reach $5? Whale Moves $700 Million in XRP

Crypto analyst Dark Defender predicts XRP could reach $5 in 2025, fueled by growing whale activity. Recent data shows over $700 million worth of XRP moved in significant transactions, sparking excitement in the market.

Whale Alert revealed a notable transfer of 300 million XRP (worth $649.8 million) to Ripple. Additionally, 30 million XRP was moved to the Bithumb exchange, hinting at a possible sell-off that might create selling pressure.

Source: X

Despite this, Dark Defender remains optimistic, predicting a first Fibonacci target of $5.85 for XRP. He highlighted that XRP has completed its corrective pattern on the weekly charts and expects the crypto to break a key triangle formation within a week. His bullish chart also suggests that XRP could rally as high as $18 during this market cycle. 

Other analysts share this optimism. CasiTrades forecasts a rebound to $2.60, with XRP currently trading at 2.41, after a 14% surge in the last 24 hours. Meanwhile,  Mikybull Crypto describes XRP’s chart as one of the most bullish in the market, pointing to a potential double-digit rally.

Egrag Crypto takes it further, predicting a parabolic surge to $27, reminiscent of XRP’s 2017 bull run. As XRP gains momentum, these predictions showcase the growing enthusiasm among analysts and investors.

While whale activity can introduce volatility, many see it as a stepping stone toward XRP’s next big move. With predictions ranging from $5 to $27, 2025 could be a transformative year for XRP enthusiasts.

Also Read: Grayscale XRP Trust skyrockets 300% in 2024! XRP ETF Next

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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