XRP Price Surges 9%: What Is Going On With Ripple?

Khyathi Dalal

January 02, 2025

XRP (CRYPTO: XRP) is surging on Thursday, driven by positive community developments and notable whale movements.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
XRP (CRYPTO: XRP)	$2.43	$139.4 billion	+8.9%	+11.5%
Bitcoin (CRYPTO: BTC)	$97,254.11	$1.92 trillion	+3.8%	+0.8%
Ethereum (CRYPTO: ETH)	$3,471.67	$418.4 billion	+4.5%	+3.4%

Trader Notes: Crypto trader Credibull Crypto commented "so far, so good" on the price surge, targeting the highs set by XRP in November.

Blue zone tapped as expected and a beautiful reaction off of it after.

So far so good.$XRP https://t.co/R8YQvesfrA pic.twitter.com/YGoEWpe9sR
— CrediBULL Crypto (@CredibleCrypto) January 1, 2025

Captain Faibik projected a bullish rally of another 50%, targeting a price of $3.66.

Statistics: Whale Alert data shows 300 million XRP, worth $649.8 million, transferred from an unknown wallet to Ripple.

Another major transfer of 500 million XRP, worth $1.07 billion, was unlocked from escrow at unknown wallet.

The enterprise behind the Ripple payment protocol and exchange network, initiated this transfer.

Another transaction shows 30 million XRP, worth $64 million, was transferred from an unknown wallet to Bitthumb.

Crypto trader Ali Martinez noted whales having purchased 360 million XRP in the past 48 hours.

Whales bought 360 million $XRP in the past 48 hours! pic.twitter.com/w9OnuOK2x1
— Ali (@ali_charts) January 2, 2025

Whale activity has sparked curiosity among traders and fueled optimism for XRP, with the altcoin’s open interest surging by 27.2% in just one day, reaching $2.5 billion.

According to Coinglass, derivatives trading volume skyrocketed by 195.4%, climbing to $12.19 billion.

Community News: Following the approval of Ripple’s RLUSD stablecoin, community news have been buzzing with bullish rumors.

The Crypto Times speculates that nearly 80% of Japanese banks plan to adopt XRP by 2025, though the outlet did not cite a source for this figure.

A Binance community article mused that Ripple picking up the $300 trillion in global cross-border payments could cause XRP’s price to reach $5,769.

While XRP's integration into Ripple products solidifies its reputation in the cross-border payments market, this target is mere speculation and should more be taken as an indicator of bullish sentiment than as tangible development.

Read Next:

XRP Poised For 450% Upside, Says Analyst, As Coin Shows ‘One Of The Most Promising Setups’ Heading Into 2025

Image: Shutterstock

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