XRP whales are currently observing from the sidelines, a strategy driven by cautious wait-and-see sentiment. The cryptocurrency’s price sits near crucial support levels, and the market is awaiting decisive action. Traders are optimistic about XRP’s potential for further growth, with some anticipating a surge beyond $2.22 to reach a target of $5.85.
Major investors have launched a new $1 billion XRP treasury initiative designed to boost confidence and attract buyers. This move aims to increase the real-world utility of XRP and create a more robust market outlook. The initiative is backed by several influential names, including SBI, Ripple, and co-founder Chris Larsen.