Ripple and XRP continue to make headlines, and today, we’re addressing an achievement marked by the digital asset.
Crypto strategist Scott Melker said that he is bullish on XRP. The analyst is known in the crypto space as the Wolf of All Streets, and he tweeted that he believes the digital asset can hit $0.33 which is a surge of more than 22% from the current price.
At the moment of writing this article, XRP is trading in the green, and the coin is priced at $0.298555. XRP is up by more than 10% in the past 24 hours.
They laughed at me when I shared this trade.
But who’s laughing now?
I am, I’m laughing because it’s $XRP.
— The Wolf Of All Streets (@scottmelker) November 15, 2020
Someone commented: “Last time I was long on XRP was in 2017. Now its time to long $xrp again with $spark 1:1 Airdrop in December 2020. And I have a buy signal. I’m long 50x. Fire #Bybit.”
There’s massive growth in the number of XRP whales
Melker’s predictions comes just after the intelligence platform Santiment revealed that there’s massive growth in the XRP whales.
$XRP has had an impressive +8.4% week, and it’s currently the #1 rising asset in discussion rate on #crypto platforms. The rise of holders with coins containing large amounts of $XRP has been very apparent, as addresses with 10-1M tokens are at new ATH’s. https://t.co/IMGAtsz2hf pic.twitter.com/n9X3nHRVDj
— Santiment (@santimentfeed) November 15, 2020
As the online publication the Daily Hodl reveals, Santiment also notes the distribution of addresses according to their XRP balance:
10 – 100 XRP: 1.45 million addresses
100 – 1,000 XRP: 332,660 addresses
1,000 – 10,000 XRP: 256,340 addresses
10,000 – 100,000 XRP: 104,430 addresses
100,000 – 1 million XRP: 17,658 addresses
1 million to 10 million XRP: 1,350 addresses
10 million XRP and above: 307 addresses
There are all kinds of bullish predictions in the crypto market these days as Bitcoin is racing to $17k.