Krutika Adani
Crypto analyst Dark Defender predicts a dip in XRP’s price to $0.5 levels in the near term before reaching $1.
XRP recently reached $0.61 after a severe correction, which took its price below $0.4. At press time, XRP quotes a price of $0.59.
The resolution of the Ripple vs. SEC case could raise the price to $0.88, after which, if bullishness continues, it might cross $1.
Lately, XRP has seen an increased whale accumulation. Data from Santiment shows that whales have accumulated 130 million XRP in the last few days from multiple exchanges.
On July 17, XRP saw 1721 new wallets created and 47,363 active daily users, the highest single-day figures since March 2024.