XRP has seen incredible growth recently, skyrocketing 379% in market cap, moving from about $0.50 to around $2.45 in just five months. Despite some positive news around XRP, including Ripple’s win against the SEC, there are still questions about what’s coming next for XRP’s price.
XRP’s price has been driven up by a lot of positive news, but according to Brian from Santiment, it might see a bit of a slowdown. He points to the Market Value to Realized Value (MVRV) ratio, which shows how much profit holders have made. Earlier this year, the average XRP wallet was up 120-134%, but now the market has calmed down, with a smaller increase of 42% over the past year. Brian said that the best time to buy XRP could be when the MVRV drops to below 20%, signaling that the market may be oversold and ready for a price rebound.
Whale activity, which is when large holders make big moves, has slowed down recently. Only about 120 large transactions of over $1 million are happening each day, compared to over 5,000 during the rally earlier in 2023. Despite this, large holders are still holding on to their XRP. Wallets with a million or more XRP tokens have continued to increase, meaning these big investors are confident in the long-term potential of the token. In fact, since December 2022, the amount of XRP held by these wallets has increased by 11%.
With the legal case wrapped up, XRP’s price might experience some short-term ups and downs as the market reacts. Historically, news about the SEC lawsuit has caused XRP’s price to dip, only to bounce back stronger later. If everything goes according to the analyst’s predictions, XRP has the potential to hit new highs by May or June if the market remains stable and the good news continues.
The best time to buy XRP could be when MVRV drops below 20%, suggesting the market is oversold and ready for a price rebound.
XRP may hit new highs by May or June 2025, depending on market stability and continued positive news, despite possible short-term fluctuations.
XRP has shown some interesting price movements over the past 24 hours, with increased trading…
Amid the bearish market sentiment, Cardano's (ADA) price prediction has become a key topic among…
Bitcoin is about to close the monthly trade on a bearish note, which may hinder…
Shiba Inu(SHIB) has been making headlines, especially with its recent development. It has started flashing…
Solana experienced an extraordinary surge, leaving many wishing they had invested sooner. Now, four small…
The crypto markets have been facing a massive pullback over the past couple of days,…