Could XRP whales be about to make a move? Is the price of 2 dollars on the cards?

There's been a renewed interest in XRP, thanks to some big-name investors. On-chain data shows that around 120 million XRP coins were traded by big players in the last 24 hours, which has got people talking about XRP's potential value increase.

Whale Activity and Market Impact

The recent whale activity has got the world's attention, especially as XRP enthusiasts speculate about the token reaching the $2 mark. Whale Alert on Twitter said that whales moved a total of 120.18 million XRP tokens yesterday, with both dumps and accumulations involved. Specifically, the address Rzn transferred 63.89 million tokens to exchanges Bitstamp and Bitso. On the other hand, two addresses, rhWj9gaovw and rfQ9EcLkU6, got 56.29 million XRP from Binance.

Market sentiment and price forecasts

XRP has been doing well in line with the general positive trend in the crypto market. According to CoinMarketCap, XRP was trading at $0.4789 at the time of writing, which is a 1.43% increase from the previous day. This positive movement has further fuelled optimistic predictions about XRP's future value.