🔥 Key Takeaways
- XRP has experienced a 2.06% decline over the past 24 hours, outperforming the broader crypto market’s 3.2% drop.
- Whales have sold 1 billion XRP tokens, contributing to the recent price pressure.
- Despite the short-term dip, a pro-Ripple attorney predicts a significant surge for XRP in 2026.
- Arrington Capital has filed an SEC application to launch an XRP-based hedge fund, signaling institutional interest.
XRP Takes Hit as Whales Sell 1 Billion Coins, But Pro-Ripple Attorney Foresees a Bright Future
XRP is currently facing a significant downturn as broad market weakness and aggressive selling by large holders, or “whales,” push the cryptocurrency into a deeper short-term decline. According to data from CoinMarketCap, XRP has fallen 2.06% over the past 24 hours, underperforming the broader crypto market’s 3.2% drop. This decline extends XRP’s monthly losses to approximately 14%, highlighting the current challenges faced by the digital asset.
Several factors are contributing to the recent price action. One of the primary drivers is the sale of 1 billion XRP tokens by whales. Such large-scale selling can have a substantial impact on the market, especially in a context of broader market weakness. The cryptocurrency market has been experiencing volatility due to various macroeconomic factors, including interest rate hikes and regulatory uncertainties, which have put downward pressure on many digital assets.
However, despite the current downturn, there are optimistic voices in the community. A pro-Ripple attorney has made bold predictions, stating that XRP will “shock the world in 2026.” This sentiment is bolstered by the growing institutional interest in XRP, as evidenced by recent developments.
One such development is the SEC filing by Arrington Capital, a prominent investment firm, to launch an XRP-based hedge fund. This move signals a growing recognition of XRP’s potential and its appeal to institutional investors. The filing highlights the firm’s belief in the long-term value of XRP and its role in the broader cryptocurrency ecosystem.
The creation of an XRP-based hedge fund is a significant step that could help stabilize and potentially boost the price of XRP in the long term. Institutional investment can bring much-needed liquidity and stability to the market, which could mitigate the impact of large sell-offs by whales. Furthermore, it could attract more retail investors who are looking for a more regulated and secure way to invest in XRP.
While the short-term outlook for XRP remains challenging, the long-term prospects are looking increasingly promising. The combination of institutional interest, legal support, and the potential for XRP to play a more significant role in the financial industry could set the stage for a remarkable comeback. As the market continues to evolve, XRP’s resilience and the confidence of its supporters will be key factors to watch.
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