XRP Price Skyrockets: Is a New ATH Coming?

Ripple's XRP has surged 25% on Monday, extending its monthly gains to over 430%. The cryptocurrency now ranks third among the top cryptocurrencies and is targeting a new all-time high at $3.57 after surpassing the $2.58 resistance level.

Currently XRP Price trading at $2.79 as per Coinpedia Markets data.

For a more detailed XRP Price Prediction and insights on XRP’s next moves, check out our full analysis.

XRP Whale Activity and Increased Investor Engagement

Ripple whales have accumulated $1.8 billion worth of XRP, with 679.1 million tokens bought in the past weeks. XRP’s non-empty wallets have also hit an all-time high of 5.5 million, reflecting rising interest in the token. Additionally, weekly active addresses on the XRP Ledger surged by 200%, reaching 307,000 in the past month.

XRP Supply Distribution (1M-10M), Weekly Active Addresses & Holders | Santiment

Coinbase Premium Signals US Investor Interest

The XRP premium on Coinbase ranged from 3% to 13% in November, indicating strong demand from US traders. In contrast, Upbit, with the largest XRP reserve, maintained a moderate premium, highlighting growing interest from US-based investors.

WisdomTree’s XRP ETF Filing

Asset manager WisdomTree filed an S-1 registration with the SEC for an XRP ETF, following an initial registration in Delaware. This makes XRP one of the major cryptocurrencies seeking ETF approval alongside Bitwise, 21Shares, and Canary Capital. Such a move could increase XRP’s liquidity and institutional adoption.

Ripple’s Stablecoin Speculation

Rumors are circulating about the approval of Ripple's stablecoin by the New York government. This speculation adds optimism to XRP’s growth, although unconfirmed, it could further fuel its bull run.

Profits Realized Amid XRP's Surge

XRP investors realized over $2.7 billion in profits following the recent surge, the highest in eight years. This shows that while many remain optimistic, some are locking in gains.

XRP's Outlook

With rising whale activity, increased network engagement, and the potential XRP ETF, XRP’s outlook remains bullish. However, recent profit-taking suggests short-term volatility. Experts predict a potential surge to $3.57, marking a new all-time high. Keep watching for updates on XRP’s price trends.