Ripple’s local token XRP has recently attracted great attention due to a series of rise development and significant accumulation by whales. Despite previous consolidations, the XRP showed both market sensitivity and promising signals of promising recovery, encouraged by Ripple and strategic moves of its stakeholders.

XRP continues to save whales

In the latest updates, market expert Ali Martinez said that Ripple whales have accumulated 120 million XRP token and this reflects the strong confidence in the future of the presence. This followed a temporary market collapse in which large investors took advantage of the decline to expand their assets. Since then, the XRP has risen and made a 13 %profit and traded for $ 3,12 with the highest level of 24 hours.

Moreover, the XRP futures open position witnessed an increase of 9 %, underlining the rise appearance between the traders. Ripple’s latest success in securing money transmitter licenses in New York and Texas contributed to increasing optimism and pointed to a potential change in the US regulatory attitudes towards crypto currencies.

Meanwhile, the Ripple manager Sean McBride, the highly anticipated XRP community day by giving clues to the positive news increased the excitement. McBride’s clues led to speculation about important developments such as XRP ETF launch or a potential solution in Ripple’s long -standing case with SEC. He also pointed out the importance of Ripple’s continuous growth and expressed his optimism about the wider regulatory frame.

$ 10 in the price

In the meantime, crypto analysts are increasingly rising in XRP, citing the possibility of reaching $ 10 in the long term. The expert behind an X account called XForceglobal underlines the last recovery of Token’s last recovery from $ 2,74 to $ 3,12, and analysts predict that it can reach $ 4.6-5, a critical resistance zone for more earnings in the short term. Some estimates even propose a target of $ 8-10 supported by favorable market conditions and regulatory clarity.

However, it is inevitable that consolidation and the trend will reversal due to changing investor feelings and global market performance. Although Ripple Token has been significantly recovered today and the technical graphics rise up to $ 4.6-5, the trend may be reversed. Due to the large liquidation in Short positions, the XRP price can visit $ 3.37 again. According to CoNSS derivative data, approximately 340 million -year -old Short positions such as Binance, Bybit and others can be liquidated and disrupt the price rally.