Ripple’s XRP Path to $10 Mapped Out as 414% Rally and Record Whale Holdings Signal Surprising Upside
Main Idea
Ripple's XRP has shown significant growth with a 414% rally, and analysts predict it could reach $10, supported by bullish indicators and increasing wallet profitability.
Key Points
1. XRP has gained 414% in the last 5 months, outperforming Bitcoin and most altcoins, with its market cap rising from $28 billion to $181 billion.
2. Analysts believe XRP could continue its uptrend and potentially hit $10, supported by indicators like the SMA Multiplier and global liquidity surges.
3. Over 5,200 XRP wallets now hold more than $1M worth of XRP, and over 860 hold more than $10M, indicating rising profitability and positive sentiment.
4. Short-term holders are accumulating XRP at a high rate, historically driving price gains, while long-term holders are taking profits but the uptrend persists.
5. The Net Unrealized Profit/Loss (NUPL) ratio has surged to 0.63, with a move past 0.7 potentially signaling further bullish momentum.
Description
Ripple (XRP) has outperformed Bitcoin (BTC) and most altcoins in the last 5 months after a staggering 414% gain. Its market capitalization has also ballooned from $28 billion to $181 billion, to rank as the third-largest cryptocurrency. XRP’s rally started after the November 5 elections, which paved the way for friendly crypto policies under the
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