XRP (CRYPTO: XRP) is down 7% on Friday, but whales continue to accumulate on the heels of Ripple expanding its core business.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| XRP (CRYPTO: XRP) | $2.18 | $127 billion | -7.1% | -8.1% |
| Bitcoin (CRYPTO: BTC) | $83,775.77 | $1.7 trillion | -3.9% | -0.02% |
| Ethereum (CRYPTO: ETH) | $1,872.65 | $225.9 billion | -6.9% | -4.4% |
Trader Notes: Crypto chart analyst Ali Martinez predicted that if XRP breaks above $3, it would invalidate the head-and-shoulders pattern and could turn bullish.
Dark Defender sees XRP having formed a bullish rectangle pattern, signaling imminent breakout potential. He predicts a new all-time high could be next.
Altcoin Buzz says XRP could outperform Bitcoin and Ethereum based on following factors, such as regulatory clarity, growing adoption and ETF speculation gaining momentum.
Statistics: Social media influencer and crypto trader John Squire noted that XRP whales are accumulating XRP, with one whale moving 8 million XRP.
Coinglass data shows XRP long liquidations at $20.65 million, a three-week high. XRP derivatives trading volume expanded by 22.7% in the past 24 hours.
Community News: Reece Merrick, Ripple’s Managing Director Middle East & Africa, highlighted Ripple's partnership with Chipper Cash to drive economic growth & financial innovation across Africa. The goal is to enable faster, cheaper cross-border payments using blockchain technology.
Read Next:
- XRP Could Hit Up To $29.30 In ‘Max Scenario’ By 2030: Bitwise
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