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November 1, 2023

XRP Price Surge and Whale Activity Signal Positive Outlook

Natasha Fernandez
Written byNatasha FernandezWriter
Researched byNikos PapadopoulosResearcher

XRP Price on the Upmove

The XRP price has increased by 3% in the last 24 hours, reaching $0.60 and pushing its market cap to $31.7 billion. On-chain data reveals that this price surge is accompanied by a rise in whale participation. According to Santiment, the number of wallets holding at least 10,000 XRP has reached an all-time high of 277,620. This surge in price and whale activity suggests a positive outlook for XRP.

XRP Price Surge and Whale Activity Signal Positive Outlook

The immediate resistance for XRP on the upside is $0.68. If the price manages to surpass this level, market analysts predict a potential rally to $0.90 by November 2023. However, the downside for XRP appears limited at present. CrediBULL suggests that the current resistance phase indicates a consolidation period rather than a significant price drop. Improved liquidity in the altcoin market could lead to breakthroughs to higher price levels.

Solana Price Rally continues to $40

Solana has maintained its bullish momentum, gaining an additional 7% in the last 24 hours and surpassing $38. This brings Solana's weekly gains to over 22% and monthly gains to over 80%. On-chain data shows that discussions about Solana have reached their highest point in the past 5 months.

Santiment reports that Solana has reclaimed the #7 position in the market cap rankings, experiencing a remarkable 62% surge in value during October. Approximately 2% of all discussions about the top 100 assets revolve around $SOL, indicating growing interest in the cryptocurrency. An increase in trading volume would further support the positive trend for Solana.

About the author
Natasha Fernandez
Natasha Fernandez
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Natasha "CryptoQueen" Fernandez bridges the gap between blockchain buzz and casino charisma. From New Zealand's serene landscapes to the volatile world of crypto, she's making waves in the online gaming sphere. With CryptoCasinoRank, she paints a future where chips meet chains seamlessly.

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