Ripple’s cryptocurrency XRP has recently attracted the attention of major investors. Whales, seizing opportunities from price drops, purchased millions of XRP. This development intensifies expectations that XRP could reach a long-term target of $20.
Whales Purchased Another 250 Million XRP
According to on-chain analysis platform Santiment, Ripple 
$1 whales made a purchase of 250 million XRP last weekend. This strategic move by the whales came after a 10% correction in the XRP price. Renowned cryptocurrency analyst Ali Martinez stated that this action reflects confidence in XRP, adding, “Large transactions indicate whales’ long-term bullish expectations.”
Investors believe these movements in XRP’s price align with the overall optimism in the market. Positive expectations surrounding the Ripple-SEC case and developments following the U.S. presidential elections are boosting market sentiment. The Ripple community is hopeful that these whale purchases could push the XRP price beyond the $2 level.
Open Positions in XRP Futures Reach Record Levels
Open positions in XRP futures have also caught attention. Recent data reveals that total open positions have surpassed $2.50 billion. This figure is associated with activity on major exchanges like Binance and Bybit. Analysts suggest this situation supports significant price increase potential for XRP.
XRP is currently trading at $1.51, reflecting a 4% increase in the past hours. A 24-hour trading volume increase of 24% indicates sustained investor interest. The recent peak of $1.54 has led investors to discuss new targets.
The intense purchases by Ripple whales and activity in the futures market are deemed critical for XRP’s future pricing. Analysts believe that as long as the overall market remains positive, XRP can test higher price levels.
