Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»XRP Market Cap Reaches $50 Billion – Is $2 Really Possible?
ALTCOIN NEWS

XRP Market Cap Reaches $50 Billion – Is $2 Really Possible?

By Crypto FlexsNovember 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
XRP Market Cap Reaches  Billion – Is  Really Possible?
Share
Facebook Twitter LinkedIn Pinterest Email
  • XRP may be heading towards key resistance at $1.33 with strong bullish momentum and whale accumulation.
  • On-chain indicators show an increase in activity and a decrease in exchange reserves.

Market capitalization exceeds $50 billion, XRP It has re-established itself as a dominant force in the cryptocurrency market. After surging more than 16% in just 24 hours to reach $0.9342, the token’s momentum has now attracted widespread attention.

But the pressing question now is whether XRP can sustain this rally and surpass $1 to reach the $2 milestone.

Is XRP ready for a major breakout?

XRP’s chart showed a potential breakout as the price neared the key resistance level of $1.33. A decisive move above this level could lead to a sharp rise towards the aforementioned target. Additionally, the overall bullish trend appears to be supported by technical indicators.

For example, the stochastic RSI read an extreme reading of 97.56, indicating that XRP is in overbought territory at press time.

While this may suggest a short-term correction, the MACD was bullish, highlighting the positive momentum in the market. Additionally, broader market sentiment also appeared to be favorable, providing the tailwind that XRP needed to sustain its rally.

Therefore, it may be possible to break above the $1 level in the near term. That would make $2 a realistic medium-term target if momentum is maintained.

XRP technical analysis

Source: TradingView

XRP whale activity adds fuel to the fire

XRP whales contributed significantly to this rally, accumulating over 320 million tokens in just 72 hours.

This massive accumulation is a sign of growing confidence among large investors, many of whom are positioning themselves for further profits. As a result, this heavy buying could lead to a shortage of available supply, creating continued upward pressure on prices.

Since whale activity often precedes major price movements, this trend means that XRP’s rally has room to grow further.

On-chain activity reflects higher demand.

On-chain indicators further supported XRP’s bullish outlook. Active addresses increased 1.17% to 27,421.

These consistent increases highlighted growing network activity and engagement. Additionally, the total number of transactions increased by 0.92% to exceed 1.88 million. Taken together, this suggests that XRP adoption is expanding. Developments like these often translate into stronger price performance.

Number of XRP transactions Number of XRP transactions

Source: CryptoQuant

A decrease in exchange reserves signals a decrease in selling pressure.

Exchange holdings of

This decline indicates that investors are moving tokens off exchanges for long-term holding. As a result, lower selling pressure creates a favorable environment for further price increases. When combined with increased demand and whale accumulation, this indicator could strengthen the bullish case for XRP.

Source: CryptoQuant


Read Ripple (XRP) Price Prediction for 2024-25


XRP’s surge past the $50 billion market cap and strong technical and on-chain indicators suggested that a $1 breakout could be imminent. The next few days will be crucial to confirm this upward trajectory on the charts.

Next: Worldcoin’s top 100 wallets transfer $2.3 million worth of WLD to exchanges. – What does it mean?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 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

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

3 memes coins that monitor the last week of February 2025

February 23, 2025

An In-Depth Manual for DeFi Profits

April 13, 2024

Bitfinex Alpha | BTC Noisy, But Volatility Eases

May 6, 2024
  • 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.