{"id":8670,"date":"2025-01-20T15:46:53","date_gmt":"2025-01-20T15:46:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8670"},"modified":"2025-01-20T15:46:53","modified_gmt":"2025-01-20T15:46:53","slug":"why-is-the-ripple-xrp-price-up-today","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8670","title":{"rendered":"Why is the Ripple (XRP) Price Up Today?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">XRP recorded another green day, with its price jumping above $3.30.<\/span><\/li>\n<li>Check out the potential factors that have contributed to the surge.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRP_CB-85.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-379546\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRP_CB-85.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRP_CB-85.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRP_CB-85-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRP_CB-85-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRP_CB-85-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/XRP_CB-85-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>What\u2019s Fueling the Rally?<\/h2>\n<p>Ripple\u2019s cross-border token emerged as one of the top performers on January 20 as its price rose to a multi-day peak of over $3.3.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-20-173822.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-379570\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-20-173822.png\" alt=\"\" width=\"1288\" height=\"633\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-20-173822.png 1288w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-20-173822-300x147.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-20-173822-1024x503.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-20-173822-768x377.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Screenshot-2025-01-20-173822-50x25.png 50w\" sizes=\"auto, (max-width: 1288px) 100vw, 1288px\"><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">Perhaps the<\/span><span data-preserver-spaces=\"true\"> most <\/span><span data-preserver-spaces=\"true\">obvious<\/span><span data-preserver-spaces=\"true\"> factor positively impacting the asset\u2019s performance is the overall resurgence of the crypto sector.<\/span> <span data-preserver-spaces=\"true\">The <\/span><span data-preserver-spaces=\"true\">global market capitalization of the industry<\/span><span data-preserver-spaces=\"true\"> is hovering around $3.8 trillion, with Bitcoin (BTC) <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/bitcoin-btc-sees-new-ath-chainlink-link-explodes-15-daily-market-watch\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">hitting<\/span><\/a><span data-preserver-spaces=\"true\"> a new all-time high of almost $110,000.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Other leading assets that have pumped substantially in the past 24 hours include Ethereum (ETH), Chainlink (LINK), Hedera (HBAR), and more.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another factor could be the increased whale activity. According to X user Ali Martinez, such large investors have <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1881293635964256568\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">accumulated <\/span><\/a><span data-preserver-spaces=\"true\">more than 100 million XRP (worth over $325 million at ongoing rates) in the last two days.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Large-scale whale purchases <\/span><span data-preserver-spaces=\"true\">could<\/span><span data-preserver-spaces=\"true\"> create buying pressure and boost market sentiment, potentially leading to short-term gains for the involved asset.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">XRP Predictions<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Crypto X is full of analysts who kept outlining bullish forecasts for XRP even during the first half of 2024 when it was not performing that impressively. <\/span><span data-preserver-spaces=\"true\">As expected, those turned into even bigger optimists lately<\/span><span data-preserver-spaces=\"true\">, given the asset\u2019s bull run<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The X user Dark Defender is one example. Several hours ago, they <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/DefendDark\/status\/1881256065477829036\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">predicted<\/span><\/a><span data-preserver-spaces=\"true\"> that XRP might never plunge below $3 again. They also think the price could skyrocket above $5.80 soon.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">CRYPTOWZRD chipped in, too. Last week, they <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/cryptoWZRD_\/status\/1879986038376132680\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">assumed<\/span><\/a><span data-preserver-spaces=\"true\"> that XRP <\/span><span data-preserver-spaces=\"true\">is headed<\/span><span data-preserver-spaces=\"true\"> toward $4 in the short term. Moreover, the analyst suggested, \u201cThe bigger picture is calling $8.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Others, like EDO FARINA, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/edward_farina\/status\/1879882864906666149?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1879882864906666149%7Ctwgr%5E89dda37a2e396dc172ce8e6531f3c4322fc69bc9%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Ftimestabloid.com%2Ftop-crypto-influencer-will-not-sell-any-xrp-for-less-than-100-heres-why%2F\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\"> they wouldn\u2019t sell their XRP stash until the valuation hits a whopping $100. The Bitcoin proponent Rajat Soni recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/can-ripple-xrp-reach-100-this-cycle-btc-proponent-calls-it-impossible\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> that such wild bets come only from people with \u201cundiagnosed mental disability.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The finance expert explained that $100 per coin would require XRP\u2019s market cap to explode to the unrealistic $10 trillion (if we <\/span><span data-preserver-spaces=\"true\">take into consideration<\/span><span data-preserver-spaces=\"true\"> the total supply of 100 billion tokens). Based on the circulating supply of 57.5 billion coins, the asset\u2019s capitalization needs to soar above $5.4 trillion, which is still <\/span><span data-preserver-spaces=\"true\">quite<\/span><span data-preserver-spaces=\"true\"> implausible.\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cXRP is a distraction. Stick to Bitcoin,\u201d Soni said in conclusion.<\/span><\/p>\n<\/blockquote>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/why-is-the-ripple-xrp-price-up-today-21\/\" rel=\"nofollow\">Why is the Ripple (XRP) Price Up Today?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR XRP recorded another green day, with its price jumping above $3.30. Check out the potential factors that have contributed to the surge. What\u2019s Fueling the Rally? Ripple\u2019s cross-border token emerged as one of the top performers on January 20 as its price rose to a multi-day peak of over $3.3. Perhaps the most obvious [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8670","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8670"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8670\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}