XRP is trading around $3.10 after a volatile weekend, influenced by the anticipation and subsequent absence of pro-crypto policies in President Donald Trump’s inauguration speech. This led to short-term selling, but key metrics from Santiment show optimism as whales bought over 100 million XRP in 48 hours, suggesting confidence in XRP’s long-term potential.
The cryptocurrency recently reached all-time highs, marking its highest price since January 2018, invigorating bullish sentiment among investors. The substantial accumulation of XRP by whales signals preparation for further price increases. Despite market uncertainty, XRP's strength and ongoing buys from major players may lead to sustained growth.
With the market eagerly watching for signs of maintained bullish momentum, XRP's robust technical and fundamental signals have positioned it as a standout asset. As XRP consolidates new highs and maintains above critical levels, there is potential for a significant breakout if support holds, contributing to the ongoing crypto rally.
