{"id":634489,"date":"2024-08-10T12:00:27","date_gmt":"2024-08-10T12:00:27","guid":{"rendered":"https:\/\/wncen.com\/?p=634489"},"modified":"2024-08-10T08:02:43","modified_gmt":"2024-08-10T08:02:43","slug":"xrp-market-cap-explodes-by-23-in-a-day-as-whale-appetite-soars","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/xrp-market-cap-explodes-by-23-in-a-day-as-whale-appetite-soars\/","title":{"rendered":"XRP Market Cap Explodes By 23% In A Day As Whale Appetite Soars"},"content":{"rendered":"<p>The show&#8217;s star today is <a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" target=\"_blank\" rel=\"noopener nofollow\">XRP<\/a> as in the last 24 hours its market value has risen by 23%. The crypto space is buzzing as we speak, and this makes altcoin owners so upbeat.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/arbitrum\/arb-surges-nearly-10-as-franklin-templeton-launches-fund-on-arbitrum\/\" target=\"_blank\" rel=\"noopener \">ARB Surges Nearly 10% As Franklin Templeton Launches Fund on Arbitrum<\/a><\/div>\n<h2><strong>XRP Shows The Way<\/strong><\/h2>\n<p>XRP is exploding in price given how it controls the rough waves of the crypto market. Now everyone is focused on XRP as it gets ready for what might be a turning moment in its path. This is true since the market shows good vitality in general.<\/p>\n<p>People are talking about the coin all over social media since its market value has skyrocketed. According to a fresh Santiment analysis, there are an all-time high (ATH) of 7.06 billion coins, or $4.42 billion, worth of addresses on the XRP Ledger owning between 1 million and 10 million XRP.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcc8 XRP&#8217;s market cap has skyrocketed once again, growing by +23% in the past 24 hours. Wallets holding between 1M-10M coins on the XRP Ledger now hold an all-time high 7.06B coins ($4.42B), and the project&#8217;s social media discussions are at their highest levels since January. <a href=\"https:\/\/t.co\/QjEzIZGQAJ\" rel=\"nofollow\">pic.twitter.com\/QjEzIZGQAJ<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/39007517?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 7, 2024<\/a><\/p><\/blockquote>\n<p>Many large token holders, as a result of the altcoin&#8217;s strong performance, would now want to hold on to their tokens instead of selling them. XRP is attracting more and more people; the busy market of the coin indicates that more breakouts could be in the offing.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-634491\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_e43de1.png?resize=1024%2C640\" alt=\"\" width=\"1024\" height=\"640\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_e43de1.png?w=1321 1321w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_e43de1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_e43de1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_e43de1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_e43de1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_e43de1.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<h2><strong>Upbeat Investor Mood<\/strong><\/h2>\n<p>Social media buzz at levels not seen since January has also obviously affected the view of XRP. Not only casual onlookers but many investors are also keen to know why XRP value has lately shifted. In XRP&#8217;s case, the growing social mood seems to be a mirror of the rising confidence in the future possibilities of the coin; normally, it is a prediction of increased market activity.<\/p>\n<p>Rising market cap combined with growing social participation is a powerful combination that market observers believe could push XRP to previously unheard-of heights.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/udpcWoH7\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">XRP is currently trading at $0.58. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>According to present patterns, major holders are expecting a possible rise. Usually occurring before a more general market accumulation phase, this accumulation by &#8220;whales,&#8221; is seen as a positive portent.<\/p>\n<h2><strong>Technical Indicators<\/strong><\/h2>\n<p>Based on data by CoinCheckup, increasing investor confidence and a better general market mood is seen to lift XRP&#8217;s price by about 23.79% in the next three months. Given a forecast of 179.39% rise over the next six months, the mid-term picture is far more optimistic. Positive macroeconomic conditions or changes inside the Ripple ecosystem could lead to such a breakthrough.<\/p>\n<figure id=\"attachment_634492\" aria-describedby=\"caption-attachment-634492\" style=\"width: 1216px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-634492 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_d88677.png?resize=1216%2C425\" alt=\"\" width=\"1216\" height=\"425\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_d88677.png?w=1216 1216w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_d88677.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_d88677.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_d88677.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_d88677.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_d88677.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-634492\" class=\"wp-caption-text\">Source: CoinCheckup<\/figcaption><\/figure>\n<h3><strong>Long-Term Prospects<\/strong><\/h3>\n<p>XRP still draws a lot of attention, hence the one-year projection stays rather positive. XRP could be set for continuous success with a projected increase of 101.73%. One should take the natural market volatility of cryptocurrencies into account even if the technical signals point to a bright future. As they handle the possible ups and downs of this fast shifting environment, investors should be vigilant and informed.<\/p>\n<p><em>Featured image from Sci.News, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The show&#8217;s star today is XRP as in the last 24 hours its market value has risen by 23%. The crypto space is buzzing as we speak, and this makes altcoin owners so upbeat. Related Reading: ARB Surges Nearly 10% As Franklin Templeton Launches Fund on Arbitrum XRP Shows The Way XRP is exploding in price given how it controls the rough waves of the crypto market. Now everyone is focused on XRP as it gets ready for what might be a turning moment in its path. This is true since the market shows good vitality in general. People are talking about the coin all over social media since its market value has skyrocketed. According to a fresh Santiment analysis, there are an all-time high (ATH) of 7.06 billion coins, or $4.42 billion, worth of addresses on the XRP Ledger owning between 1 million and 10 million XRP. \ud83d\udcc8 XRP&#8217;s market cap has skyrocketed once again, growing by +23% in the past 24 hours. Wallets holding between 1M-10M coins on the XRP Ledger now hold an all-time high 7.06B coins ($4.42B), and the project&#8217;s social media discussions are at their highest levels since January. pic.twitter.com\/QjEzIZGQAJ \u2014 Santiment (@santimentfeed) August 7, 2024 Many large token holders, as a result of the altcoin&#8217;s strong performance, would now want to hold on to their tokens instead of selling them. XRP is attracting more and more people; the busy market of the coin indicates that more breakouts could be in the offing. Upbeat Investor Mood Social media buzz at levels not seen since January has also obviously affected the view of XRP. Not only casual onlookers but many investors are also keen to know why XRP value has lately shifted. In XRP&#8217;s case, the growing social mood seems to be a mirror of the rising confidence in the future possibilities of the coin; normally, it is a prediction of increased market activity. Rising market cap combined with growing social participation is a powerful combination that market observers believe could push XRP to previously unheard-of heights. According to present patterns, major holders are expecting a possible rise. Usually occurring before a more general market accumulation phase, this accumulation by &#8220;whales,&#8221; is seen as a positive portent. Technical Indicators Based on data by CoinCheckup, increasing investor confidence and a better general market mood is seen to lift XRP&#8217;s price by about 23.79% in the next three months. Given a forecast of 179.39% rise over the next six months, the mid-term picture is far more optimistic. Positive macroeconomic conditions or changes inside the Ripple ecosystem could lead to such a breakthrough. Long-Term Prospects XRP still draws a lot of attention, hence the one-year projection stays rather positive. XRP could be set for continuous success with a projected increase of 101.73%. One should take the natural market volatility of cryptocurrencies into account even if the technical signals point to a bright future. As they handle the possible ups and downs of this fast shifting environment, investors should be vigilant and informed. Featured image from Sci.News, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":634498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,3680,4531],"class_list":["post-634489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>XRP Market Cap Explodes By 23% As Whale Appetite Soars<\/title>\n<meta name=\"description\" content=\"The show&#039;s star today is XRP as in the last 24 hours its market value has risen by 23%. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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