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Altcoin News

Will XRP Reach $5? Whale Moves $700 Million in XRP

Whale Alert reveals a wallet moved 300M XRP ($650 M) to Ripple, while another transferred 30M XRP to Bithumb exchange.

Written By:
Ronak Kumar

Reviewed By:
Dhara Chavda

Last updated: January 2, 2025 1:43 PM
Published January 2, 2025 10:27 AM
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Last updated: January 2, 2025 1:43 PM
Published January 2, 2025 10:27 AM
Will XRP Reach $5? Whale Moves $700 Million in XRP

Crypto analyst Dark Defender predicts XRP could reach $5 in 2025, fueled by growing whale activity. Recent data shows over $700 million worth of XRP moved in significant transactions, sparking excitement in the market.

Whale Alert revealed a notable transfer of 300 million XRP (worth $649.8 million) to Ripple. Additionally, 30 million XRP was moved to the Bithumb exchange, hinting at a possible sell-off that might create selling pressure.

Source: X

Despite this, Dark Defender remains optimistic, predicting a first Fibonacci target of $5.85 for XRP. He highlighted that XRP has completed its corrective pattern on the weekly charts and expects the crypto to break a key triangle formation within a week. His bullish chart also suggests that XRP could rally as high as $18 during this market cycle. 

Other analysts share this optimism. CasiTrades forecasts a rebound to $2.60, with XRP currently trading at 2.41, after a 14% surge in the last 24 hours. Meanwhile,  Mikybull Crypto describes XRP’s chart as one of the most bullish in the market, pointing to a potential double-digit rally.

Egrag Crypto takes it further, predicting a parabolic surge to $27, reminiscent of XRP’s 2017 bull run. As XRP gains momentum, these predictions showcase the growing enthusiasm among analysts and investors.

While whale activity can introduce volatility, many see it as a stepping stone toward XRP’s next big move. With predictions ranging from $5 to $27, 2025 could be a transformative year for XRP enthusiasts.

Also Read: Grayscale XRP Trust skyrockets 300% in 2024! XRP ETF Next

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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