XRP has been making the titles for years, of its legal confrontation with the American Securities and Exchange commission (SEC) at its CEO meeting with CEO with CEO with CEO with CEO with CEO American president elected Donald Trump. Now, new developments revive excitation around cryptocurrency.
During last month alone, the value of XRP jumped 116.51%. New data highlights a significant whale activity and rumors of a potential partnership with Goldman Sachs add intrigue.
Let’s explore the details.
Whale activity reaches record levels
Crypto investor Armando Pantoja recently revealed on X (formerly Twitter) that the whales accumulated 453.3 million XRP tokens in just seven days. This marks the largest accumulation of whales in more than three years.
At Current price of $ 1,0919, This results in a massive value of $ 494.9 million in XRP. These large -scale purchases by whales often highlight increasing confidence in an asset, generally before major market changes.
Goldman Sachs partnership rumors
Adding to speculation, Crypto Shawn’s investor recently suggested a potential partnership between Goldman Sachs and XRP. Although his claims lack concrete evidence, the time of whale activity has led a lot to connecting the points.
Reports suggest that Goldman Sachs plans to launch a Blockchain digital active platform. This initiative aims to facilitate the creation of financial, commerce and investment services. If this is true, the capabilities of the XRP blockchain could well align with the ambitions of Goldman Sachs.
Presentation of the XRP market
In the last seven days, XRP increased by 61.9%. During the last hour only, it climbed at least 0.3%. At the start of this month, the XRP price was almost $ 0.5138. He dropped slightly at $ 0.5026 on November 8.
On November 16, XRP reached a monthly summit of $ 1,1195. Currently at a price of $ 1,0992, it remains 66.83% below its summit of $ 1,8339 compared to April 2021. This difference suggests that the market still has significant growth potential if current trends continue .
The accumulation and massive whale speculation on a Goldman Sachs partnership suggest a potentially important development for XRP. Although the details remain unconfirmed, these factors have fueled optimism among investors.
With the heating of the market and the XRP showing a strong momentum, it is worth keeping an eye. Could this be the start of a new growth phase for XRP? Time will tell us.