Altcoin
XRP Price To Rally As Whales Move $51M?
The XRP price is in focus following a crypto whale’s transfer of $51 million worth of XRP. This development provides a bullish outlook for the coin, considering the impact this category of investors could have on price as they accumulate more XRP.
XRP Price Could Rally As Whales Make Their Move
The XRP price could rally as whales make their move with a $51 million worth of XRP transfer. Onchain data shows that a transfer of 100 million XRP ($51.6 million) occurred between two unknown wallets. This is bullish since the transfer wasn’t to an exchange, as it would suggest that the whale in question is looking to sell their coins.
Instead, with the transfer to another wallet, the whale could have moved it simply for security purposes as they look to hold for the long term. This comes amid the appeal case between Ripple and the US Securities And Exchange Commission (SEC). This whale activity is a positive for XRP, suggesting that the long-running legal battle no longer impacts investors’ sentiment toward the coin.
Meanwhile, the whale activity follows crypto analyst Egrag Crypto’s recent prediction that XRP could hit $95 soon. Factors like a surge in whale activity could help spark this unprecedented price rally. However, for now, the focus will undoubtedly be on XRP finally enjoying a successful breakout above the $0.6 resistance, which it has retested multiple times following Judge Analisa Torres’ final judgment back in August.
How The Crypto Move With The Bitcoin Price
Egrag Crypto has provided another perspective on how the XRP price could move with the Bitcoin price. The analyst claimed that XRP could reach $4.43 if BTC rises to $100,000. He remarked that this 555% price gain would mirror the last cycle’s high.
Furthermore, Egrag mentioned that XRP could rise to $5.76 if BTC hits $130,000, rally to $6.64 if the flagship crypto reaches $150,000, and hit $7.53 and $8.86 if the Bitcoin price surges to $170,000 and $200,000 respectively.
The analyst noted that this price target between $4.43 and $8.86 is the worst-case scenario for the coin as he believes the XRP price will rise higher than this. According to Egrag, “Worst-case scenario or not, there’s still Big potential” for XRP.
Meanwhile, crypto analyst Dark Defender drew a correlation between the XRP price and the Bitcoin price, although from a different angle. In an X post, he mentioned that the XRP bull run starts when Bitcoin dominance declines. He noted that this happened in 2017 and 2021, so he doesn’t expect this time to be different.
The accompanying chart he shared showed that the XRP bull run will begin next month and last until November 2025. Based on the chart, XRP will reach double digits and rise to as high as $99.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst Behdark has predicted that the XRP price can reach $28. This prediction follows his Elliot Wave theory analysis, which also showed when the crypto will reach this double-digit price target.
When XRP Price Will Reach Double Digits
In a TradingView post, Behdark’s Elliot Wave theory analysis showed that the XRP price can reach double digits by 2026. The analyst’s accompanying chart showed that the first double digits target for XRP will be $15, after which the crypto could eventually rally to $28. Behdark also provided more insights into XRP’s current price action and why this rally could happen.
First, the analyst mentioned that the XRP price looks to be currently within a running triangle. In line with this, Behdark remarked that wave D might complete its movement by hunting the all-time high (ATH) at $3.84. He mentioned that there could be a price correction for wave E afterward.
Once that XRP price correction happens, Behdrak predicts the next move will be the post-pattern movement targeting a level above $15. This is where the price target of $28 comes into the picture, as the analyst’s accompanying chart shows it is a feasible target for the crypto, although it might not happen in this market cycle.
An XRP price rally to $28 would mean that the crypto would have a market cap of $2.8 trillion. However, Behdrak suggested that this was still feasible. He noted that his focus was on chart analysis and not fundamentals, even though fundamentals are reflected in the chart itself.
Meanwhile, the analyst told market participants that if a clear and identifiable pattern emerges when the XRP price reaches wave E of the triangle, they could position themselves for the main move to double digits.
A Confirmation Of This Double Digit Target
Crypto analyst Dark Defender also recently shared an Elliot Wave theory analysis, which showed that the XRP price could indeed reach double digits. Specifically, the analyst’s accompanying chart showed that XRP could rally as high as $18 when the wave 5 impulsive move occurs.
Interestingly, unlike Behdark’s chart, which showed that the rally to double digits would happen in 2026, Dark Defender’s chart showed that the rally to $18 could happen as early as mid-2025. Meanwhile, the analyst said that the XRP price is currently in the third wave, with the crypto expected to rally to $5 when this next impulsive move occurs.
Afterward, the XRP price is expected to witness a corrective move that will cause it to drop to as low as $4. The next impulsive move after this could send XRP to the $18 target.
At the time of writing, the XRP price is trading at around $1.55, up over 10% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
A crypto trader made a $2.5M profit today by turning 13 SOL into 9,718 SOL through trading 76.46M FATHA tokens. The trader bought the tokens on Pump.fun, capitalizing on a rapid increase in FATHA’s market cap, which surged to over $60M. The trader sold the tokens at the peak, realizing a 750x return.
Trader Makes $2.5M Profit Trading FATHA Token
The crypto trader turned 13 SOL (around $3.3K) into 9,718.5 SOL, making a $2.5M profit by trading 76.46M Slopfather (FATHA) tokens. On November 23, the trader purchased the tokens on Pump.fun, and within 40 minutes, FATHA’s market cap surged to over $60M. After holding the tokens, the trader sold them at the highest point, securing a 750x return.
The trader capitalized on the rapid market shift and seized the opportunity to make a significant profit. As per solscan, 9,500 SOL was swapped for USDC and bridged to Ethereum, demonstrating how quickly substantial profits can be made in the volatile meme coin market. The trade reflects the growing influence of meme coins on the Solana blockchain.
On-chain data indicates that the wallet involved in this trade may belong to BT (@cooksassistant), who has traded 60 tokens over the past three days. With a win rate of 42.37%, BT has generated $2.7M in total profit.
What a lucky trader!!!
6 hours ago, this trader sniped 76.46M $FATHA for just 2.93 $SOL ($765).
Currently, these $FATHA are worth $2.7M. The sniper has made x3483.https://t.co/MVgcAnWR1R pic.twitter.com/seXfdgAq6r
— Onchain Lens (@OnchainLens) November 23, 2024
FATHA Token Surge and Solana’s Meme Coin Boom
Slopfather (FATHA) token has surged to $0.03841, with a market cap of $38 million, allowing the crypto trader to book a massive profit. Its 24-hour trading volume is $156 million, reflecting a 4000% increase in the last 24 hours. This dramatic rise shows the growing demand for meme coins in the crypto market.
Solana’s blockchain is becoming a top platform for meme coin launches. Projects like PNUT, WIF, GOAT, and BONK are leading the way. Additionally, Arthur Hayes’ endorsement of the Solana-based FLOWER coin boosted interest, driving the growth of meme coins on Solana.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Dogecoin Price Forms Extremely Rare And Bullish High Tight Flag Pattern, What To Expect Next
The Dogecoin price, which has been on a consolidation trend since November 12, has given rise to a rare and bullish chart pattern known as the high tight flag. This pattern, which is like the bull flag, is setting up the Dogecoin price for a significant upward movement.
Analyst Highlights Bullish High Tight Flag Pattern For Dogecoin
Trader Tardigrade, known for his insightful technical analyses, pointed out that the Dogecoin price is currently forming a high tight flag pattern on the daily candlectick timeframe, which is a rarity in technical charting that often precedes explosive price movements. According to his post on social media platform X, the significance of this pattern lies in its implications of a “highly possible significant upward price movement.”
In his words: “#Dogecoin is forming High Tight Flag Pattern 🔥 ‘High Tight Flag Pattern’ stands out as a rare, BUT Extremely Bullish signal that indicates a highly possible significant upward price movement.”
First off, the emergence of this high tight flag pattern means the $1 level is inevitable for the Dogecoin price. The analyst further speculates that the combination of strong price momentum, growing market enthusiasm, and FOMO (fear of missing out) among retail investors is ultimately going to push the Dogecoin price to targets of $5 to $10.
Understanding The High Tight Flag Pattern
The high tight flag is a special bullish case of the bull flag pattern. Both patterns are characterized by a flagpole and a flag/handle. Unlike the bull flag, the formation of a high tight flag follows stringent criteria, which makes it somewhat rate. This criteria is characterized by a sharp price increase of at least 100% over a short period with a maximum of eight weeks. This rapid ascent forms the ‘flagpole’ of the price pattern. In the case of the Dogecoin price, the flagpole was formed over nine days from November 3 to November 12, where it registered a gain of about 180%.
Following this surge, the price enters a consolidation phase, moving sideways or slightly downward, creating the ‘flag/handle’. This consolidation usually retraces no more than 10% of the initial rise and lasts at least five days to a maximum of three weeks.
In the case of Dogecoin, the flag has been in play for the past ten days, with a handle depth of 10%. The pattern is considered complete when the price breaks out above the consolidation range, often leading to further gains.
At the time of writing, Dogecoin is trading at $0.3926, with a 1.88% gain in the past 24 hours. A run towards the first price target at $1 would translate to a 155% gain. Other price targets at $5 and $10 represent returns of 1,170% and 2,440%, respectively, from the current price.
Featured image created with Dall.E, chart from Tradingview.com
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