Ripple Whales Go on a Massive Buying Spree – Will XRP Price Explode?

XRP has one of the strongest communities in crypto. It's actually fascinating how much support this token has, considering its slow price action throughout 2024.

XRP had one of the weakest performances in 2024 among the top crypto assets by market cap. While XRP is still down over 70% from its all-time high, its price action throughout 2024 has been relatively flat compared to other cryptocurrencies.

However, some positive news broke last night when popular crypto analyst Ali shared an update on X, formerly known as Twitter. Ali reported that Ripple whales bought over 380 million $XRP in the past 10 days, which is around $228 million at today’s prices.

Ali shared a XRP chart that showcases some interesting patterns. The XRP price has been fluctuating between $0.40 and $0.59 in the past few months. Despite the ups and downs, there has been a general upward trend since early August.

What really stands out is the whale activity. These large crypto holders, with holdings ranging from 10 to 100 million XRP, went on a buying spree. Their activity started ramping up in the second half of August, when the price was in a bit of a lull.

Then, boom! Early September saw a massive spike in whale purchases. This coincided with the XRP price hovering between $0.50 and $0.60. It was during this time that whales bought over 380 million XRP tokens.

It’s also worth noting that these whales seem to have a knack for timing. They usually load up during price dips and consolidations, which could be a sign that they expect the price to rise in the future.

Is XRP The Best Crypto to Buy Now or Are There Alternatives?

Some traders prefer to stick with established projects that have large market caps, like XRP. These coins usually offer more stability and are considered less risky.

However, there are traders who like to take on more risk for potentially higher rewards. One meme coin that’s caught some attention is PandaWorld’s PADW. PandaWorld aims to combine different forms of entertainment – games, casinos, and meme coins – into a single platform.

Unlike most meme coins that rely heavily on community hype, PandaWorld offers a unique revenue-sharing model. Token holders can earn passive income through staking rewards generated from the platform’s various activities, such as play-to-earn (P2E) games and casino operations. Interested traders can check out their presale website for more details.

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