Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Will XRP Reach $0.63? How Whales and Sharks Can Help the Altcoin Rally?
ALTCOIN NEWS

Will XRP Reach $0.63? How Whales and Sharks Can Help the Altcoin Rally?

By Crypto FlexsJuly 17, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Will XRP Reach alt=
Share
Facebook Twitter LinkedIn Pinterest Email
  • The surge in XRP price could be attributed to increased accumulation by whales, who currently hold 85% of the total supply.
  • Outstanding contracts hit a three-month high, suggesting speculative activity is picking up.

Ripple (XRP) has been one of the biggest gainers in the past few days after its price hit $0.60. This price increase represents a 36.45% increase over the past seven days.

While this was surprising, AMBCrypto was able to find out why. According to on-chain data provider Santiment, addresses holding more than 100,000 XRP have increased their holdings significantly.

Go big or go home

This group of investors, known as whales and sharks, have a huge impact on the price. Simply put, if the assets held by this group fall, the price of the token is likely to crash.

Therefore, the increase in accumulation created buying pressure on XRP, causing its price to rise.

The rise also showed that these sharks and whales now own 85% of the total supply, the highest point in 11 months.

XRP Big Investors Rise

Source: Santiment

If a scenario emerges where whale holdings continue to increase, the token value could rise back to $0.63 and possibly even trade higher.

Another reason the token could reach this price is because the cryptocurrency’s reference price and real-time index will be launched soon on July 29th.

However, it is important to note that these indices are not tradable futures products. Instead, they provide clear price data on the asset in question.

XRP, the stagnant coin, is now starting to move.

Meanwhile, in the cryptocurrency derivatives market, XRP’s open interest (OI) reached $233.85 million, the highest OI value since April 12.

OI is the total value of contracts open to the market. When it increases, it means there has been a surge in speculative activity around the token and the liquidity allocated to the contract is increasing.

But if it decreases, it means something else. From a price perspective, if the OI continues to rise, it could further support the price of XRP. If this is true, as mentioned earlier, the cryptocurrency could reach $0.63.

In addition, there was a notable spike in the 90-day MDIA, which stands for Mean Dollar Invested Age.

As the name suggests, this indicator refers to the average dollar invested in a cryptocurrency market cap.

XRP bullishXRP bullish

Source: Santiment

In previous bull markets, the rising MDIA line means that whales are moving their idle coins back into circulation. If this continues, the price of XRP is likely to go higher.


Read our Ripple(XRP) Price Prediction 2024-2025


Based on this analysis, it is likely that the token’s value will continue to rise, as mentioned in a previous article by AMBCrypto.

However, beyond the possibility of a rally to $0.63, there is a possibility that XRP could try to re-approach $0.72, a level it last reached in March.

Next: Bitcoin ETF Net Inflows Surpass $16 Billion Led by BlackRock – What’s Next for BTC?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025
Most Popular

ECB official claims Bitcoin’s fair value is ‘still zero’ despite US spot ETF approval.

February 22, 2024

Pumping: BEFE coin price gains traction in the market.

May 4, 2024

Bitcoin Price is deep but close to $ 100k: fullback or lunch pad?

January 28, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.