XRP whales have shown no signs of slowing down their accumulation spree as they continue to load up coins. Over the last 72 hours, whales have bought over 90 million XRP as the ecosystem braces for an announcement that could send prices on a rally.
XRP Whales Accumulate 90 Million Coins Valued At Nearly $250 Million
Onchain analyst Ali Martinez has identified significant whale activity in XRP’s ecosystem in the build-up to the White House Crypto Summit. In the last three days, XRP whales have purchased over 90 million XRP in a massive accumulation spree.
The total value of the XRP whales’ purchase stands at nearly $250 million, reversing a mass whale dump at the end of February. The recent whale accumulation follows a raft of positive metrics for XRP as investors ready themselves for a rally-inducing bull run.
Apart from the recent purchases, XRP whales have transferred over $5 billion worth of coins between addresses during the week. Furthermore, XRP’s active addresses have surged to 462,000 from lows of 74,589 as the plot thickens.
On the flip side, there are fears that the accumulation may be a classic “pump and dump” ahead of the White House Crypto Summit.
Is Something Big Incoming?
While on-chain indicators are largely positive for XRP, recent fundamentals are pointing to incoming positives for the ecosystem. The inclusion of the coin in the Crypto Strategic Reserve signals regulatory acceptance for the project in Washington.
For now, a potential big announcement will be the dismissal of its long-running case against the US SEC. There have been speculations that a Ripple SEC lawsuit could be next after the Commission agreed to dismiss the Kraken lawsuit
Furthermore, there are whispers that Ripple co-founder Brad Garlinghouse may be tapped for a government appointment. The community is hinging their theories on Garlinghouse’s attendance at Friday’s White House Crypto Summit.
XRP whales and the rest of the community expect the policy discussions at the summit to be largely bullish for the embattled project. At the moment, the crypto is exchanging hands at $2.60, rising by 5% over 24 hours, buoyed by growing optimism.
Dogecoin price may be on the precipice of a giant pump as on-chain data point to whale accumulation. The bullish DOGE forecast is also based on its technicals, with one top analyst pointing to the formation of a ‘textbook accumulation cylinder.’ The rising social dominance score provides more hints of the upcoming surge.
DOGE price today trades at $0.1770, up by 35% from its April lows, mirroring the performance of other coins.
Dogecoin Price Could Soar as Whale Accumulation Continues
The Dogecoin price may benefit as data shows that whales are doing that. Ali Martinez, a top crypto expert, noted that whales bought about 100 million DOGE coins last week, as they bet that the recovery would gain steam.
DOGE whales
Whale buying is often a leading indicator in crypto price analysis, as these investors are perceived as more experienced and sophisticated. In some instances, many coins surge when retail traders notice that whales are actively buying the dip.
Further supporting the bullish Dogecoin price prediction is that its social dominance score, which measures the share of discussions about a coin compared to other top-ten coins, has crawled back. Santiment data reveals that this score has risen to 2.524%, up from the bottom of 0.9% last month. This gradual improvement could imply a potential surge in the coming weeks as it shows that more users are mentioning it in their discussions. A likely reason is the recent DOGE ETF optimism after Nasdaq sought approval to list 21Shares’ DOGE fund.
Dogecoin Social Score
DOGE Price Technical Analysis as Analyst Predicts a Giant Pump
Some crypto analysts are backing the positive DOGE price prediction. CryptoBullet pointed to the chart below, which featured the Livermore Accumulation Cylinder, a rare reversal sign. This pattern, characterized by a widening mouth, is marked by higher highs and lower lows.
In his estimation, the coin has now retested the lower side of the channel and is setting up for a strong surge, potentially to over $3. A jump from the current Dogecoin price of $0.788 to $3 would signal a 280% surge from the current level. Such a move is possible as Fartcoin price has jumped by almost 500% from its lowest level this year.
CryptoBullet’s DOGE prediction is based on the weekly chart, meaning that the signal may take a long time to form. Turning to the daily chart below, the coin is coming from a giant falling wedge pattern, a popular reversal sign.
The widest part of this wedge is about 63%. Measuring that price from the breakout point at $0.1595 brings the most viable short-term Dogecoin price target to $0.2625.
DOGE Price Chart
No model is accurate in technical analysis. Therefore, in this case, a drop below last month’s low of $0.1300 will be a sign that there are more sellers out there. Such a move will prompt more sell-offs over time and invalidate the bullish DOGE price forecast.
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PEPE
BINANCE
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Story Highlights The live price of the PEPE meme coin is . Pepe coin price could reach a maximum of $0.0000020375 in 2025. With a potential surge, the PEPE price may go as high as $0.0000213648 by 2030. The memecoin market had successfully regained momentum in 2024, resulting in the category valuation exceeding the $120 …
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