XRP spikes 12% as whales continue 'enormous accumulation'
XRP’s price saw a significant increase of 12% in a single day, attributed to substantial whale accumulation and speculation about a potential ETF listing in the United States. As of January 14, 2025, the asset reached $2.69, and further surged to $2.83, marking its highest price since early 2018. Research from Santiment highlighted that wallets holding between 1 million and 10 million XRP have accumulated approximately 1.43 billion tokens since November 12, representing a 37.4% increase. Analysts noted that the buildup in whale activity is likely correlating with anticipated positive developments around an XRP ETF, which could drive more investments as Bitcoin's price rises. Additionally, ongoing legal battles with the SEC may influence XRP's volatility and performance, with expectations of pro-crypto sentiments continuing in governmental policies. Industry forecasts from JPMorgan suggest that XRP could attract significant net assets if an ETF is launched, boosting its market position and offering more favorable investment conditions for altcoins during this ongoing bullish sentiment.
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