Increased whale activity: Whales have increased their buying activity for XRP, accumulating over 700 million tokens in just the past two weeks. Reserves of XRP on major exchanges like Binance and Upbit have also decreased by 500 million, signaling high demand.

XRP price predictions: Analysts are currently predicting that XRP could soon hit 3.31 USD, with the potential to reach a long-term target of 99 USD. This target represents an increase of up to 69 times from the current price.

Interest from institutions: Ripple’s CEO, Brad Garlinghouse, stated that the demand for cryptocurrency investment products backed by assets has significantly increased, thanks to clearer regulations in the U.S.

Long-term potential of XRP: Although there is currently profit-taking from investors who have gained over 1.5 billion USD during this boom, analysts remain optimistic about XRP’s long-term potential. Forecasts suggest that XRP may soon reach 2.58 USD and break through important resistance to rise to 3.31 USD.