XRP Price Prediction as $5 Billion Floods the Market – Are Whales Buying?

XRP price today is $2.29 and it has crept up by 0.5% in the past 24 hours, as the crypto market falls by 0.5% today.

XRP price movement

XRP is now down by 4.5% in a week but up by the same percentage in a fortnight, with the token – the fourth-biggest in the market – boasting a 305% return in a year.

Despite the losses of the past week, XRP’s trading volume remains fairly elevated at $5 billion, which is still up by 280% from where it was three months ago.

And with Donald Trump’s inauguration less than two weeks away, it’s likely only a matter of time before XRP experiences another big surge.

XRP Price Prediction as $5 Billion Floods the Market – Are Whales Buying?

The slight lift in XRP’s trading volume has come as its indicators begin to stabilize and hint at a recovery.

For example, the coin’s relative strength index (purple) has begun rising towards 50 after dropping to almost 30 a couple of days ago.

At the same time, it looks as though XRP’s price is on the brink of climbing over its 30-period average (orange), something which would signal a bullish reversal.

And when combined with the increase in trading volume, this points towards a recovery for the alt.

Recent days have seen several positive news stories for XRP, boosting its fundamentals.

Most recently, Ripple CEO Brad Garlinghouse (and the firm’s Chief Legal Officer Stuart Alderoty) had dinner with President-elect Donald Trump at the latter’s Mar-a-Lago resort.

It seems highly likely that they discussed cryptocurrency regulation and legislation, with a particular focus on Ripple’s ongoing tussle with the SEC, which appealed against it in October.

Garlinghouse had also met with Trump in November, and with the incoming President nominating the pro-crypto Paul Atkins as the new chair of SEC, it seems that next four years could be very kind to Ripple.

We’ve also seen Ripple launch its own RLUSD stablecoin, and this week has also seen the firm partner with Chainlink on ensuring secure real-time pricing data for the new token.

Such developments make the future look very bright for Ripple and XRP, with prediction market Polymarket putting the odds of an XRP ETF this year at 70%.

In such a bullish context, the XRP price could reach $2.50 by the end of January, and $3 by H2.

The above price prediction is based on technical analysis and recent XRP news, and does not constitute financial advice.

Before making any financial decisions, traders should always conduct their own research and consult with a qualified financial adviser.

New Altcoins Could Bring Market-Beating Gains

It would, however, be unwise to put all your eggs in XRP’s basket, since the token arguably posted its biggest gains (for this cycle) in November and early December.

If so, traders looking for market-beating returns may want to diversify into newer tokens, including presale coins.

Of course, not all presale tokens are equal, but one of the biggest and most successful right now is Solaxy (SOLX), the native token of a new layer-two network for Solana.

It has raised an impressive $9.5 million in its ongoing presale, making it one of the biggest projects of the past 12 months.

Solaxy is winning over investors because its platform promises to provide faster and more reliable Solana-based transactions, reducing failed transactions to a minimum.

While Solana’s stability has improved considerably in the past year or so, it still witnesses the odd outage, while dropped transactions actually comprise anything from 35% to 50% of all transactions on any given day.

As such, there’s a clear place for Solaxy within the Solana and wider crypto ecosystems, with its native token – SOLX – likely to experience considerable demand.

It will serve as the exclusive means of payment for Solaxy transactions, while traders will also be able to stake it for a passive income.

This could mean that its price could rise steadily over time, particularly if Solaxy really takes off as a Solana L2.

Investors can join its presale by going to the official Solaxy website, where SOLX costs $0.001596.

This price will rise tomorrow and will continue to rise until the sale ends, so buyers should really act quickly.

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