BPOI Banner
Is XRP Price Rally on the Horizon? Is XRP Price Rally on the Horizon?

How Will Ripple (XRP) and Dogecoin (DOGE) Prices React as Whales Keep Buying?

TL:DR;

  • Crypto markets went through a more volatile end of the week, but larger investors seem unfazed as they keep accumulating two of the biggest tokens by market cap.
  • The question now is whether XRP and DOGE will rebound swiftly, given the massive purchases completed by the so-called whales.

It was a rollercoaster of a week for the entire crypto market, with BTC surging past $102,000 at the start of it only to dump by more than ten grand within two days to a multi-week low.

The altcoins followed suit, as DOGE, for example, stood close to $0.4 at one point this week but then plunged toward $0.31, representing a 22% retracement.

XRP went above $2.5 briefly on January 4 and to $2.47 on January 7, but the market-wide correction pushed it to a low of $2.2 on January 9 before it calmed to around $2.33 in the past 24 hours.

Such enhanced fluctuations tend to scare off certain investors, especially retail, but that has not been the case with whales. Data from Santiment, shared by Ali Martinez, show that XRP and DOGE whales went on an accumulation spree amid this market uncertainty.

Those holding the largest meme coin by market cap increased their stash by adding more than 470 million DOGE in 48 hours alone. In USD terms, this would put the total accumulation at about $150 million, with an average price of $0.33 per token.

The XRP case is even more bullish as whales purchased more than a billion tokens within the same timeframe. An average price of around $2.3 puts this two-day acquisition at $2.3 billion.

It’s worth noting that both assets reacted to this market-wide crash in a less painful manner compared to the previous one at the end of 2024, when BTC slumped toward $91,000 once again.

Back then, XRP tumbled hard, slipping below $2 on a couple of occasions. So far, during this correction, the token’s low was 10% higher at $2.2, perhaps assisted by the aforementioned large purchases.

DOGE’s scenario was similar as it plummeted to just over $0.26 on December 30, while its bottom now came at over $0.31.

Consequently, it’s safe to say that the whale accumulations helped both assets during the crash, and they could have an even greater effect if they continue and the market rebounds in the next few days.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!



Source link

Jordan Lyanchev

https://cryptopotato.com/how-will-ripple-xrp-and-dogecoin-doge-prices-react-as-whales-keep-buying/

2025-01-11 07:22:13

bitcoin
Bitcoin (BTC) $ 97,448.11 1.56%
ethereum
Ethereum (ETH) $ 2,680.78 2.00%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.43 1.55%
solana
Solana (SOL) $ 202.20 1.49%
bnb
BNB (BNB) $ 612.97 0.71%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.254191 1.77%
cardano
Cardano (ADA) $ 0.70253 2.71%
staked-ether
Lido Staked Ether (STETH) $ 2,679.52 2.03%
tron
TRON (TRX) $ 0.243361 3.26%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,246.05 1.39%
chainlink
Chainlink (LINK) $ 18.82 1.76%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,201.95 1.97%
avalanche-2
Avalanche (AVAX) $ 25.57 3.37%
sui
Sui (SUI) $ 3.25 7.73%
stellar
Stellar (XLM) $ 0.314622 0.24%
the-open-network
Toncoin (TON) $ 3.84 0.81%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 1.48%
leo-token
LEO Token (LEO) $ 9.85 0.59%
hedera-hashgraph
Hedera (HBAR) $ 0.23565 2.44%
litecoin
Litecoin (LTC) $ 119.55 12.12%
usds
USDS (USDS) $ 0.998522 0.18%
hyperliquid
Hyperliquid (HYPE) $ 23.89 5.01%
bitget-token
Bitget Token (BGB) $ 6.47 2.00%
weth
WETH (WETH) $ 2,683.95 2.05%
polkadot
Polkadot (DOT) $ 4.87 2.75%
bitcoin-cash
Bitcoin Cash (BCH) $ 331.30 2.25%
ethena-usde
Ethena USDe (USDE) $ 0.999489 0.05%
mantra-dao
MANTRA (OM) $ 6.04 4.09%
uniswap
Uniswap (UNI) $ 9.45 3.64%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,839.48 2.08%
ondo-finance
Ondo (ONDO) $ 1.34 2.01%
monero
Monero (XMR) $ 223.04 0.82%
pepe
Pepe (PEPE) $ 0.00001 3.53%
whitebit
WhiteBIT Coin (WBT) $ 27.61 1.48%
aave
Aave (AAVE) $ 255.49 5.92%
near
NEAR Protocol (NEAR) $ 3.23 0.96%
aptos
Aptos (APT) $ 6.21 6.17%
dai
Dai (DAI) $ 0.999951 0.03%
mantle
Mantle (MNT) $ 1.02 1.09%
internet-computer
Internet Computer (ICP) $ 7.02 1.87%
official-trump
Official Trump (TRUMP) $ 16.10 1.56%
susds
sUSDS (SUSDS) $ 1.03 0.17%
bittensor
Bittensor (TAO) $ 391.51 8.90%
ethereum-classic
Ethereum Classic (ETC) $ 20.66 2.71%
okb
OKB (OKB) $ 48.44 2.63%
vechain
VeChain (VET) $ 0.033737 4.61%
gatechain-token
Gate (GT) $ 21.39 1.60%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.310771 2.18%