The price of XRP has been on a steady decline since the beginning of 2018. However, this week, it began to move higher again after Ripple’s market share increased in spite of the bearish trend.
The could ripple reach $10,000 is a question that has been asked on the internet. If you look at the history of Ripple’s price, it is currently sitting at around $0.13.
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- This price increase is due to the return of the Ripple whales.
- Ripple’s price movement displays a pattern of lower highs and higher lows.
- Nearly 14 whales have joined the Ripple network since August 10th.
Ripple (XRP) is an altcoin whose price has been steadily rising. This price increase is due to the return of the Ripple whales.
Ripple is a private financial technology firm that uses its Ripple Network payment network to offer worldwide payment solutions. The Ripple network’s native currency is XRP. The open-source XRP ledger was developed with Ripple’s help.
As a result, the value of the XRP is increasing. After breaking over the crucial $1 barrier mark on August 11, XRP entered a short stabilization phase. Ripple’s price movement displays a pattern of lower highs and higher lows.
Furthermore, in the past few hours, a significant spike in purchase orders has enabled XRP to break out of the consolidation pattern. According to Santiment, a behavior analytics platform, the sixth-largest cryptocurrency by market value has the necessary purchasing pressure to reach its upside potential.
Furthermore, based on the supply distribution, the number of addresses holding over 1 million XRP coins has increased by approximately 4.4 percent in the last three days.
In fact, almost 14 whales have joined the Ripple network since August 10th. At first sight, big investors’ support for Ripple may seem small. The whales own more than $1.17 million in XRP, and the sharp increase in purchase orders is expected to continue.
Chart of the XRP Price (Source: CoinMarketCap)
The price of XRP is shown in the graph above. At the time of writing, the price of XRP was $1.26, with a 24-hour trading volume of $11,940,218,642 according to CoinMarketCap. In the past 24 hours, however, XRP has risen to 2.67 percent. Furthermore, there are 46.42 billion XRP coins in circulation.
The ripple price prediction 2030 is a topic that has been circulating around the internet. The Ripple Whales are currently making XRP move high, and it will continue to do so in the future.
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