Advertise
Vignesh S G
Vignesh S G
Author
- Nov 19, 2024 10:43 UTC
-
Major Ripple Announcement Incoming? XRP Whales Add 453M Tokens
XRP has seen significant whale accumulation in the past week, the highest in three years.
Speculations of a Goldman Sachs-XRP partnership are fueling market optimism.
XRP's recent price surge and potential for further growth indicate a bullish market outlook.
XRP has been making headlines for years, from its legal showdown with the U.S. Securities and Exchange Commission (SEC) to its CEO’s meeting with U.S. President-elect Donald Trump. Now, fresh developments are reigniting excitement around the cryptocurrency.
In the past month alone, XRP’s value has surged by 116.51%. New data highlights significant whale activity, and rumors of a potential partnership with Goldman Sachs are adding intrigue.
Let’s explore the details.
Whale Activity Hits Record Levels
Crypto investor Armando Pantoja recently revealed on X (formerly Twitter) that whales have accumulated 453.3 million XRP tokens in just seven days. This marks the largest whale accumulation in over three years.
At the current price of $1.0919, this translates to a massive $494.9 million worth of XRP. Such large-scale buying by whales often points to growing confidence in an asset, typically before major market shifts.
Goldman Sachs Partnership Rumors
Adding to the speculation, crypto investor Shawn recently suggested a potential partnership between Goldman Sachs and XRP. While his claims lack concrete evidence, the timing of the whale activity has led many to connect the dots.
Reports suggest Goldman Sachs is planning to launch a blockchain-based digital asset platform. This initiative aims to facilitate the creation of financial instruments, trading, and investment services. If true, XRP’s blockchain capabilities could align well with Goldman Sachs’ ambitions.
XRP Market Overview
In the last seven days, XRP has grown by 61.9%. In the past one hour alone, it has climbed at least 0.3%. At the start of this month, the XRP price was nearly $0.5138. It dropped slightly to $0.5026 on November 8.
On November 16, XRP hit a monthly high of $1.1195. Currently priced at $1.0992, it remains 66.83% below its all-time high of $1.8339 from April 2021. This gap suggests the market still has significant growth potential if current trends continue.
The massive whale accumulation and speculation about a Goldman Sachs partnership hint at a potentially big development for XRP. While the details remain unconfirmed, these factors have fueled optimism among investors.
With the market heating up and XRP showing strong momentum, it’s worth keeping an eye on. Could this be the start of a new growth phase for XRP? Time will tell.
Yes 
No 
