- Whales have moved 70 million XRP in two weeks, signaling rising investor confidence despite a recent price crash.
- Experts predict Ripple could see a significant rally, potentially reaching $30 if the bullish momentum continues.
Ripple’s (XRP) price has been on a tumultuous ride recently, experiencing a significant drop to $1.6, causing concern among investors. However, despite this price crash, a massive 70 million XRP tokens have been moved by whales in the last two weeks, signaling potential shifts in investor sentiment. But what does this mean for XRP’s price by the end of April? Experts suggest that the worst might be over, and a substantial rally could be on the horizon.
Whales are Moving, and That’s Bullish for Ripple
The sudden movement of 70 million XRP is a notable event, as whale activity often provides insight into market sentiment. Crypto analyst Ali Martinez’s on-chain analysis reveals that these large transactions, though not uncommon, could indicate rising confidence among the biggest holders. This could signal the beginning of an upward trend, despite the broader market downturn.
XRP has recently experienced a minor rally, climbing by 8% in just 24 hours after the whale transactions were revealed. This surge, albeit small, could be the start of a larger recovery, as investor sentiment seems to be shifting in favor of Ripple. If XRP continues its climb and maintains a close above $2, experts like Andy predict that it could lead to further bullish momentum, possibly pushing the price higher.
Also read: Bitcoin Hits $82K as March CPI Falls to 2.4%: Inflation Eases, Market Optimism Rises
Can XRP Reach $30 by the End of the Year?
Looking ahead, many analysts are predicting a massive rally for Ripple. According to some, XRP could hit $30 in the long term if the current bullish momentum holds. A recent CoinGape blog suggests that, with the Elliot wave analysis pointing towards a potential $22 price target soon, Ripple is positioned for significant growth. Other experts, like Steph, predict that a long-term breakout could push XRP to $30, citing the formation of a bullish reversal pattern on the XRP price chart.
The recent turbulence in the market has left many XRP holders anxious, but the rising whale activity, along with bullish technical indicators, points to an optimistic future. If XRP can break through resistance levels and secure a solid rally, the anticipated $30 target may not be too far-fetched.
With investor confidence slowly returning and technical indicators aligning, Ripple might be on the verge of an impressive rally. As we move toward the end of April, all eyes will be on XRP to see if this momentum continues.
