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<\/p>\nWhales in the XRP Ledger with between 1 million and 10 million $XRP on their wallets have been quietly accumulating tokens, to the point their holdings rose 2.4% over the past 11 days and now hold 6.12% of the cryptocurrency\u2019s supply.<\/p>\n
According to data from cryptocurrency analytics firm Santiment, large XRP whales have been accumulating to now hold \u201ctheir highest percentage of the asset\u2019s supply in 2 months.\u201d<\/p>\n
Whales have been quietly accumulating the cryptocurrency amid a wider cryptocurrency market downturn exacerbated by the collapse of the Terra ecosystem, which saw LUNA and its algorithmic stablecoin UST become nearly worthless.<\/p>\n
Over the past 12 months, the price of XRP dropped by over 62%m compared to Bitcoin\u2019s 26.3% and the S&P 500\u2019s 5.8%. Year-to-date, the stock market\u2019s benchmark index is down over 17%, while BTC is down 39% and XRP 54%.<\/p>\n
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Notably, a panel of cryptocurrency industry experts has predicted that the price of XRP will hit $2.55 by the end of the year, and sees it go as high as $3.61 by the end of 2025, and $4.98 by the end of 2030.<\/p>\n
The panel\u2019s prediction is based on Ripple having a positive outcome in its case against the U.S. Securities and Exchange Commission (SEC). Should Ripple lose, the panel sees XRP\u2019s value drop to $0.68.<\/p>\n
As CryptoGlobe reported, Finder\u2019s panel has recently predicted the price of the second-largest cryptocurrency by market capitalization,\u00a0Ethereum ($ETH), could hit $5,780 by the end of the year, and surge to $11,760 by 2025.<\/p>\n
87% of the outlet\u2019s XRP panel included Ethereum in their top-5 performing cryptoassets for the year. Other cryptocurrencies included BTC, Solana, Avalanche, and Terra.<\/p>\n