XRP Surges on Whale Buys and $1,000 Price Target Hype
XRP is ripping higher, fueled by massive whale accumulation and a resurfaced $1,000 price target from a former Goldman analyst. Geopolitical easing is giving risk assets a boost, but the real story here is concentrated buying power.
XRP just popped 9.3%, hitting $1.29 as the big wallets are loading up. This isn't just a dead cat bounce; wallets holding over 1 million XRP now control a staggering 74.1% of the supply, gobbling up 1.53 billion tokens in six months. The market sentiment was at rock bottom, but that's often the signal for a monster rally.
Geopolitical tensions easing is giving risk assets a tailwind, with Bitcoin also showing strength. But XRP's move is more than just macro noise. Ripple's expanding payment network and tokenization on the XRP Ledger are building long-term confidence, even when the price was lagging. This steady whale accumulation combined with improving macro conditions is a classic setup for a sharp recovery.
Adding fuel to the fire is a $1,000 XRP price prediction by 2030 from Dom Kwok, a former Goldman Sachs analyst. He argues that as new users flood into crypto, they'll skip the overvalued majors and pile into XRP due to its utility and lower entry point. This target implies an 81,000% gain, requiring unprecedented adoption and a market cap exceeding $60 trillion.