Posted: December 19, 2024

• Whale purchase of 30 million $XRP signaled renewed confidence and potential price growth.
• XRP’s technical indicators suggested further bullish momentum if volume and sentiment continue.

In the past 24 hours, whale investors have purchased a staggering 30 million Ripple[XRP] tokens, triggering a surge in demand and drawing attention to XRP’s price potential.

This sudden spike raises an important question: Could this be the beginning of a major rally for XRP? More intriguingly, is it possible for XRP to reach extreme price levels like $100, $300, or even $500?

Whale activity and immediate price impact

Santiment data highlights a significant rise in whale transactions exceeding $1 million, coinciding with an upward movement in XRP’s price.

Over the past 24 hours, whale addresses have aggressively accumulated approximately 30 million XRP tokens, signaling renewed confidence among large investors.

This surge in whale activity often precedes price rallies, as substantial buying pressure reduces available supply and boosts market sentiment.

On the chart, XRP’s price shows a clear uptick following the increase in whale transactions. Notably, the highest concentration of these whale movements aligns with the coin’s price of around $2.54.

If this pattern holds, the current accumulation could drive XRP’s price higher in the short term. Such behavior often fuels speculation of whether XRP is entering a new bullish phase.

What the metrics say

XRP’s daily chart showcased a notable uptrend with trading volume spiking during its recent rally, reflecting strong buying momentum.

However, the volume has tapered off slightly, indicating potential indecision or consolidation before the next move.

The RSI sat at 65.79, suggesting that XRP was approaching overbought territory, but still has room for upward movement. This level often signals a continuation of bullish sentiment, provided buyers maintain control.

Meanwhile, the 50-day MA crossed above the 200-day MA, forming a Golden Cross—a classic bullish signal. This crossover reflects a shift in the long-term market structure favoring buyers.

If the coin maintains a volume above 8 million with RSI stabilizing below 70, it could set the stage for another leg up. However, declining volume could lead to short-term retracement.

Read XRP’s Price Prediction 2024–2025

While it seems unlikely for the coin to hit extreme prices like $100, $300, or $500 under current conditions, several factors could support such astronomical growth. Decisive legal wins for Ripple against the SEC could drive massive institutional adoption and exponential demand.

Additionally, if XRP’s utility as a bridge currency for cross-border payments is widely adopted by global financial institutions, network usage and token velocity could drastically increase.

Supply dynamics would also play a role; reduced circulating supply via significant whale accumulation or token burns could amplify price action.

However, for XRP to reach these levels, it would require a broader market cap surge and unprecedented global adoption.