XRP network sees surge in whale transactions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 15 2025XRP Network Activity: XRP's network has seen a surge in large transactions, with 341 transfers exceeding $1 million recently, indicating increased market participation and confidence among XRP whales. The price of XRP has also risen significantly, reaching $3 for the first time since January 2018.
Market Trends and Predictions: Veteran trader Peter Brandt suggests that a half-mast flag pattern on XRP's weekly chart could lead to a potential price increase to $6.40 if completed bullishly. Additionally, rumors of an XRP-based ETF approval and new developments in the SEC lawsuit against Ripple are contributing to the positive market sentiment.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
