{"id":618939,"date":"2025-01-17T10:35:16","date_gmt":"2025-01-17T10:35:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=618939"},"modified":"2025-01-17T10:35:16","modified_gmt":"2025-01-17T10:35:16","slug":"xrp-price-prediction-ripple-token-soars-7-to-hit-7-year-high-amid-record-whale-accumulation-but-this-might-be-the-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-ripple-token-soars-7-to-hit-7-year-high-amid-record-whale-accumulation-but-this-might-be-the-best-crypto-to-buy-now","title":{"rendered":"XRP Price Prediction: Ripple Token Soars 7% to Hit 7-Year High Amid Record Whale Accumulation, But This Might Be The Best Crypto To Buy Now"},"content":{"rendered":"

The XRP price soared 7% in the last 24 hours to trade at $3.34 as of 02:25 a.m. EST on trading volume that surged 20% to $23.9 billion.<\/span><\/p>\n

The surge propelled the Ripple token to a seven-year high above $3.3, which saw XRP reclaim its position as the third-largest cryptocurrency by market capitalization.<\/span><\/p>\n

XRP whales have accumulated over $3.8 billion worth of tokens over the past two months, which<\/span> indicates<\/span><\/a> strong institutional interest.<\/span><\/p>\n

XRP Price To Continue Soaring<\/h2>\n

The <\/span>XRP price<\/span><\/a> chart reveals a clear bullish breakout after months of sideways movement and consolidation. XRP traded within a tight range between $2.00 and $2.772 for a significant period. This range served as a strong accumulation zone.<\/span><\/p>\n

The breakout above the $2.772 resistance level is a significant development, marking a new local high at $3.35 and signaling continued buying pressure, according to data from <\/span>GeckoTerminal<\/span><\/a>. <\/span><\/p>\n

As a result of the breakout above the sideways movement, the Ripple token price has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs).<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is currently at 77.48, indicating overbought conditions. This suggests that while the uptrend is strong, a short-term correction or consolidation might occur before further upside.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) line (blue) is well above the signal line (orange) and in positive territory. This alignment signals strong bullish momentum. The histogram’s continued increase further confirms that buying pressure remains intact.<\/span><\/p>\n

\"XRP
XRP\/USD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Ripple Token Aims For A New ATH<\/h2>\n

Given the current market structure, the XRP price appears poised for further upside, although short-term overbought conditions may cause minor corrections. <\/span><\/p>\n

If the price of the Ripple token holds above the $3.00 breakout level, the next key resistance lies at $3.50. <\/span><\/p>\n

A successful breach of $3.50 could open the door to $4.00 and beyond in the coming weeks, above XRP’s all-time high (ATH) of $3.40.<\/span><\/p>\n

If selling pressure emerges due to the overbought RSI, a pullback to the $3.00 support zone (previous resistance) is likely. The 50-day SMA at $2.39 serves as critical support and would likely limit any significant downside.<\/span><\/p>\n

As the Ripple token price soars, investors are also snapping up a new AI agent token called <\/span>Mind of Pepe (MIND)<\/span><\/a>. 99Bitcoins, a popular crypto channel on YouTube with over 721k subscribers, says MIND has the potential to soar 20X on launch.<\/span><\/p>\n