The price of XRP has fallen by 6% today, dropping to $2.37 as the crypto market suffers a 4.5% decline in the past 24 hours.
But while XRP is also down by 3% in a week, the altcoin remains up by a very impressive 115% in the past month, as well as by 285% in the past year.
Much of this growth has come from whales, with Santiment data revealing that large traders have been stockpiling XRP in recent weeks.
And with today’s decline doing little to reduce overall volumes, it’s likely that XRP will rebound strongly again very soon, before going on to have a big 2025.
XRP’s Path to $100, $300, or Even $500 – Are Whales Signalling a Massive Rally?
Whales have been plowing into XRP since the middle of November, when they purchased 453 million XRP – now worth $1.08 billion – within a week.
Santiment data also revealed that they continued to accumulate XRP well into late November and early December, with large traders often buying the dips as and when they arrived.
And even this week, well over a month into the post-election rally, whales purchased a whopping 830 million XRP within 24 hours.
While there have obviously been minor corrections and profit-taking, the overall trend has clearly been upwards, bullishly upwards.
This has led some analysts and traders – including Ali Martinez – to predict that the alt is heading towards $4 during the current cycle.
This would represent a 68% increase from its current price, and a 700% surge from where it was on the eve of the US election.
Needless to say, this election has completely changed the game for XRP, with the arrival of the pro-crypto Trump leading to a changing of leadership at the SEC.
Trump’s win could spell the end of the SEC’s appeal in its case with Ripple, while meetings between the President-elect and Brad Garlinghouse may bring substantial growth for the cryptocurrency firm.
Looking at its chart today, it looks ready to bounce back from the selloff of the past 24 hours.
Source: TradingViewIts RSI (purple) has bounced back from 30, while its 30-period average (orange) is about to climb back over the 200-period (blue).
As such, XRP could hit $2.50 by the end of the week, and $2.80 by the end of the year.
Alternative Alts for Market-Beating Gains
As strong as XRP is right now, there’s always an outside chance that it may have peaked already during the current cycle.
If so, traders may prefer to move to smaller cap alts, which are nearer to the beginnings of their lifecycles, and therefore more exposed to big growth spurts.
This especially applies to presale coins, which can often generate enough momentum during their sales to rally hard once they list for the first time.
One very new coin that looks like it’s already attracting lots of momentum is Solaxy (SOLX), which launched its presale only a week ago.
Despite launching only last week, it has already raised $2.8 million, which is massive for such a new project.
The reason why Solaxy is already creating such a buzz is that it’s gearing up to launch Solana’s first layer-two network.
Its main draw is that it will help Solana users avoid failed transactions, outages and congestion, which have plagued the layer-one network during periods of peak traffic.
As the native token of Solaxy’s L2 network, SOLX will serve as payment for transactions fees, giving it big utility.
It will have a max supply of 138.046 billion SOLX, with 25% of this going to its sale and rewards for early supporters.
Interested investors can join its sale by going to its official website, where SOLX currently sells at $0.00157.
This price will rise multiple times during the sale, so investors should act sooner rather later.
This will help them to lock in the biggest possible gains, with SOLX having the fundamentals to rocket once it launches.
The post XRP’s Path to $100, $300, or Even $500 – Are Whales Signalling a Massive Rally? appeared first on Cryptonews.
