Well, folks, it seems the cryptocurrency market has decided to throw us a little party, and who doesn’t love a good party? Especially when it involves altcoins jumping up by a solid 5% in just 24 hours. 🎉
Take Ripple’s XRP, for instance. This little token has been on a bit of a rollercoaster, but today it decided to hit the $2.4 mark for the first time since late May. It’s like it’s been on a long vacation and just got back to work, ready to make some serious moves. 🏖️💼
Now, you might be wondering, what’s behind this sudden surge? Well, it could be that US President Trump has been flexing his economic muscles, calling for a massive interest rate cut by the Federal Reserve. And you know what they say: when the Fed sneezes, the crypto market catches a cold—or in this case, a fever. 🤒🔥
XRP is definitely feeling the heat, climbing by nearly 4% and hitting a seven-week peak. It’s like the token has been on a 25% growth spurt since the end of June, when it was languishing at $1.9 during the Israel-Iran war. Talk about a comeback! 🏆
But here’s the kicker: according to data from Santiment, it’s not just the market that’s bullish on XRP. It’s the whales, too. The number of wallets holding at least a million XRP hit an all-time high of 2,743 yesterday. Today, it’s just a hair shy of that peak. 🐳📈
XRP’s market value has hit a 7-week high, crossing above $2.39 for the first time since May 23rd. What to watch for are the rising number & collective balances of whales holding at least 1M $XRP.
There are currently 2,742 wallets holding at least 1M XRP, one off from…
— Santiment (@santimentfeed) July 9, 2025
Santiment thinks this is a sign of growing confidence in XRP’s future. And if the big players are buying in, you can bet your bottom dollar that the retail investors will follow suit. It’s like a game of follow the leader, but with a lot more zeros at the end. 🏃♂️💰
The XRP Army, as they like to call themselves, has been shouting from the rooftops about their bullish beliefs. Some analysts are even suggesting that breaking the $2.38 resistance could lead to a quick 12% surge to $2.60. So, if you’re holding XRP, you might want to buckle up. It’s going to be a wild ride! 🚀
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2025-07-09 22:11