XRP tokens, the native cryptocurrency for the cross-border Ripple Labs community, have traded sideways in a slender band with help round $0.62 since mid-November.

On the similar time, SOL used the chance, surged by a formidable proportion, and surpassed XRP when it comes to market cap rating.

Ripple’s Flip Subsequent After Solana?

However the XRP value examined at $0.68 as soon as on Friday, Dec. 8, earlier than falling again to help strains, and resistance was once more examined at $0.64 on Christmas Day. With a 74% quantity surge on Christmas and a two-week file excessive of $0.6433 in keeping with CoinGecko knowledge, is Ripple set to rally once more prefer it did in October?

If it does, Ripple might reclaim its market cap rank from Solana after shedding the fifth place to the low-fee Ethereum competitor in December. (ChatGPT predicted the SOL-XRP market cap flipping in November.)

Listed here are two alerts that Ripple might make some extra waves quickly:

Two Bullish Factors in XRP Worth Information

1. Whales purchased over $200 million value of XRP this week.

Ripple wallets holding 1 – 100 million XRP tokens swelled with 320 million cash added from Sunday, Dec. 17 to Friday, Dec. 22. The XRP value surge over the vacation break could have occurred on account of these whale strikes diminishing provide and led different market members.

In the meantime, a Solana whale just lately moved 500,000 SOL, value some $47,042,615 on the time, from an unknown pockets to Coinbase, according to Whale Alert.

There’s no telling for positive what they’ll do with their SOL on Coinbase, however ostensibly, the transfer onto an alternate is for promoting or buying and selling to scoop some income on SOL value.

🚨 🚨 500,000 #SOL (47,042,615 USD) transferred from unknown pockets to #Coinbasehttps://t.co/n8gEIdXdRi

— Whale Alert (@whale_alert) December 22, 2023

2. Ripple technical analyst charts a bullish XRP value pattern.

Egrag Crypto, a well-liked XRP technical analyst on the social media platform X (previously Twitter), has charted a long-term pattern channel with a $1.00 goal by the summer season of 2024.

“The pattern is your buddy,” Egrag reminds followers in a be aware on the chart evaluation, asking rhetorically, “If you happen to can’t spot this up-trend, what extra can I do for you?”

#XRP Up Pattern: 🚀📈

If you happen to can’t spot this up-trend, what extra can I do for you?

“Males who can each be proper and SIT TIGHT are unusual.” – Jessie Livermore.#XRPArmySTAY STEADY! So long as the pattern is your buddy, no worries in any respect pic.twitter.com/Hi4UhT3IcJ

— EGRAG CRYPTO (@egragcrypto) December 19, 2023