XRP has recently broken through the one-dollar mark, setting a new record and triggering optimism across the broader market. This surge has been particularly attributed to the continuous purchases by Ripple’s whales.
Whale Purchases Revitalize the Market
In the past few days, the cryptocurrency market has witnessed a strong rally, primarily led by rising Bitcoin 
$90,941 prices. Notably, the accumulation of millions of tokens by Ripple 
$1 whales has catalyzed this rally in XRP.
Cryptocurrency expert Ali Martinez stated, “Ripple whales have accumulated 320 million XRP in the last 72 hours.”
This scenario reflects the growing interest in cryptocurrency amid positive market trends.
CEO Brad Garlinghouse’s Positive Statements
Ripple’s CEO, Brad Garlinghouse, highlighted the growth of cryptocurrencies like Solana 
$217 and Cardano 
$0.74969, issued by U.S. firms, in a recent FOX interview. He also viewed post-election sentiment as a transformative opportunity for digital assets, anticipating that crypto-friendly policies would boost market confidence.
Garlinghouse remarked, “Cryptos like XRP, SOL, and ADA are leading the way due to the expectation of clear regulations in the U.S.”
As of the time of writing, the price of XRP surged over 24%, reaching $1.08, marking the highest level since 2021. Trading volume increased by 21%, hitting $15.46 billion, while open interest in XRP futures rose by 26% to $1.91 billion.
Popular crypto market analyst EGRAG CRYPTO suggested, “XRP’s next target is $2.”
EGRAG CRYPTO noted that a clear regulatory pathway in the U.S. could facilitate XRP’s conversion to an ETF, a long-awaited development in the market.
Moreover, EGRAG CRYPTO proposed that if XRP closes above the $1.10 resistance, it could rise to $6.40, with a subsequent target of $13.
The significant purchases by Ripple whales and the CEO’s positive remarks have bolstered market participants’ confidence in XRP’s future performance.
The current rise of XRP and Ripple’s strategic maneuvers are contributing to a notable position in the crypto market.
Reducing uncertainties in the regulatory processes for digital assets may pave the way for broader acceptance of cryptos like XRP and enhance investor confidence.
In conclusion, the purchases by Ripple whales and the CEO’s optimistic views signal a positive outlook for XRP.
