XRP Surges to $1.30 on Large Player Buying Frenzy

Ripple's XRP token has surged to $1.30 after gaining 30% in just days, leaving many analysts stunned.

According to data shared by Vincent Van Code on X, large players have been driving the price rally, accounting for 53% of all sizeable buy orders. Medium traders made up 35%, while small investors accounted for only 12%. This has led to some analysts concluding that retail is not the main driver of this rally.

One analyst, Crypto Patel, has predicted that XRP could skyrocket to $10, citing past instances where the token defied expectations. In 2017, people thought reaching $3 was impossible, but it happened a year later. Similarly, in 2023, most thought XRP was dead, but it surged from $0.50 to $2.60 in a short period.

Another analyst, Mikybull Crypto, has predicted that 'XRP is about to pull a god candle after this Ichimoku cloud retest.' The token has broken through a major resistance level and started a full-fledged uptrend, according to CW.