The post XRP News Today: Whale Activity Suggests a Major Price Move Ahead for Ripple appeared first on Coinpedia Fintech News
XRP is at a crucial juncture, with whale activity signaling a potential breakout after weeks of accumulation. Large investors have scooped up 120 million XRP during recent dips, aligning with a 43% price surge over the past month.
Meanwhile, PlutoChain ($PLUTO) is gathering attention for entirely different reasons—its Layer-2 solution wants to improve Bitcoin, tackling its slow transactions and lack of DeFi integration.
These improvements could redefine Bitcoin as a network made for innovators and developers, closing the gap between more dominant blockchains such as Ethereum and Solana.
Let’s check out the details.
Whales Accumulate 120M XRP – Can This Push XRP Further?
Recent whale activity has sparked fresh optimism in the XRP market. Reports show that large investors scooped up 120 million XRP tokens during the latest price dip, coinciding with a 43% surge in price over the last month
These strategic purchases have set a bullish tone, with analysts linking the rebound to aggressive accumulation by high-volume traders.
At the peak of this activity, XRP’s trading volume hit $13.6 billion, pushing the price to $3.18 from a daily low of $2.71. However, as volume later dropped to $4.3 billion, XRP retraced slightly to $3.10.
Despite this pullback, analysts see signs of continued upside. If XRP breaks past $3.11, experts predict a move toward $5.85, with an ambitious long-term target of $18.22 if bullish momentum holds.
Indicators like MACD and Bull Bear Power also show increasing buying pressure, suggesting that whales may be positioning for an even bigger move ahead.
Could PlutoChain Be the Missing Link in Bringing DeFi to Bitcoin?
Bitcoin might be the king of crypto, but let’s face it—it wasn’t exactly built for speed. With 10-minute block times, it struggles to keep up with modern DeFi applications that demand near-instant transactions.
That’s where PlutoChain ($PLUTO) might be able to help. As a Layer-2 solution, PlutoChain could speed things up with a 2-second block time, which could make Bitcoin as fast as using a regular payment app.
Early testnet data looks promising, showing PlutoChain can process over 43,200 transactions a day—which, for comparison, is hundreds of transactions in the time it takes Bitcoin to confirm a single block.
But speed isn’t the only thing PlutoChain brings to the table. By combining Bitcoin’s security with Ethereum’s EVM compatibility, it could bridge the gap between the two ecosystems.
That means developers might finally be able to build DeFi apps, NFT platforms, and AI-driven smart contracts directly on Bitcoin—something that hasn’t been possible before.
Beyond tech, PlutoChain also puts power in the hands of its community. Instead of a small group calling the shots, PlutoChain’s governance model lets users vote on key upgrades and protocol changes.
Of course, security is a top priority, and PlutoChain has passed audits from SolidProof, QuillAudits, and Assure DeFi, reinforcing trust and reliability. With faster transactions, cross-chain capabilities, and real DeFi potential, PlutoChain might just be the missing piece Bitcoin needs to level up.
Wrapping Up
As XRP comes closer to the key resistance level at $3.11, increasing whale accumulation and strong technical indicators suggest further upside.
At the same time, PlutoChain ($PLUTO) might be interesting to watch as a project that could bring real utility to Bitcoin.
With a combination of Ethereum’s EVM compatibility and robust Bitcoin security, PlutoChain might provide faster transactions, smart contracts, and cross-chain compatibility.
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Please remember that this article is purely informational and not financial advice. Any and all cryptocurrencies are volatile, with prices prone to rapid changes. Always do your own research and consult an expert before joining any crypto venture. We are not liable for any outcomes based on the information in this article. Statements about the future entail risks and may not reflect updates.
