A Bitcoin adopter has outlined the various achievements of XRP, foreseeing a significant price increase for the cryptocurrency that could move it closer to the $10 milestone.
Bitcoin OG Says XRP $10 In Sight
In an X (formerly Twitter) post, Bitcoin OG, Lucky predicted that the value of XRP could significantly appreciate, pushing closer to the $10 mark. He stated that he had been observing the operations and state of affairs of the XRP ecosystem since July. He also expressed admiration for the XRP team, highlighting the strength and commitment the team has displayed during its lengthy legal battle with the United States Securities and Exchange Commission (SEC).
Few projects recover from such a drawn-out legal battle that cost them $200 million, but we’ve seen the Ripple team… pic.twitter.com/3uVbFinpj9
— Lucky (@LLuciano_BTC) October 26, 2023
Lucky commended the XRP team for its effort in staying strictly committed to the growth and health of its community. He mentioned many of the achievements made by XRP in recent months including multiple partnerships and the integration of XRP payments with renowned crypto exchanges like Bitstamp and Bitso.
“With more developments and projects like the Xumm wallet steadily pouring into the XRP Ledger and gaining upwards of 600,000 users in 3 months, $XRP will grow massively,” Lucky said.
Total crypto market cap currently at $1.2 trillion. Chart: TradingView.com
Calling attention to all the recent developments in the XRP network, Lucky stated that XRP is on a path to explosive growth and he believes that the price of the cryptocurrency is already inching up to a $1 or $10 milestone.
“If I’m being honest, I’d say that the $XRP price isn’t as far from $1 or $10 as we think, looking at the current ecosystem developments,” Lucky stated.
Whales Move Over 55 Million XRP To Crypto Exchanges
Whale Alert, a prominent blockchain tracker and analytics system known for reporting large crypto transactions, has released new data showing deep-pocketed crypto investors moving millions of XRP tokens from unknown wallets into two major crypto exchanges.
Whale Alert disclosed two major XRP transactions on Friday to Bitstamp and Bitso. One transaction showed an XRP whale transferring 27,000,000 XRP tokens worth $14,879,092 to Bitstamp. Another transaction revealed 28,500,000 worth $15,704,941 moved to Bitso.
These large-scale transactions have caused mixed reactions within the XRP community as the price of XRP has shown tendencies to react according to the actions of prominent cryptocurrency whales.
Although the identity of the whales remains a mystery, the crypto community is closely monitoring the possible motivations behind these significant transactions and how they could impact the broader XRP market.
Featured image from iStock