The post $30 Million Worth XRP Traded in Just 60 Seconds appeared first on Coinpedia Fintech News
XRP is on the move, rising over 6% in the last 24 hours and now trading at $2.33. After weeks stuck between $2.00 and $2.29, many believe this could be the start of a big breakout.
The surge comes right after a huge announcement: the SEC has approved the first-ever XRP ETF. It’s from ProShares and focuses on XRP futures. This is a big deal and could lead to a full spot XRP ETF soon—a move that could bring in tons of new investors and push prices even higher.
According to experts, this is a big step forward and predicts that over $100 billion could flow into XRP soon. With more ETF applications pending, XRP’s future looks promising.
Whale Activity On The Rise
Meanwhile, whale activity is heating up. Whale Alert just spotted a massive transfer—over 29.5 million XRP (worth nearly $69 million) moved from a private wallet to Coinbase. No one knows if this whale is planning to sell or buy something else.
And get this: in just 60 seconds, $30 million worth of XRP was traded. Things are moving fast, and all eyes are on XRP right now.
What’s Next For XRP Price?
Analysts have said that XRP needs more buying power to keep going. If volume picks up, then XRP could quickly jump to $2.40. Analyst World of Charts predicts that XRP could soon breakout and hit $5, setting a new all-time high. He pointed to XRP’s past surge from $0.49 to $2.50, expecting a similar move to unfold soon.
Ali Martinez in a recent X post shared that XRP is showing strong bullish momentum with a 67% rise in active users on its network. Additionally, XRP whales are accumulating more tokens, with large wallets holding a major portion of the supply.