 ▲ Ripple (XRP) |
XRP (Ripple), a powerhouse in the global remittance network sector, is signaling an explosive price rally driven by a strong chart pattern and expectations of increased regulatory clarity, while the identities of the top holders with the largest holdings worldwide have been revealed, drawing significant market attention.
According to cryptocurrency media outlet Watcher.Guru on March 1 (local time), digital asset analyst Egrag Crypto stated that XRP’s current chart is forming a Nike logo pattern, suggesting strong bullish momentum that could propel the price up to $13. He analyzed that the market is currently in a macro corrective phase within a long-term expansion cycle, identifying the $0.85 level as a capitulation zone and Wave 2 stage. He further predicted that once the historically strongest Wave 3 begins, XRP is likely to first break through the $11 to $13 range, then climb to between $23 and $27, and if liquidity shifts toward risk-on sentiment, a tail-risk surge could even drive the price to $100.
Another well-known analyst, Dark Defender, also projected a long-term target, stating that XRP has already entered the path of Wave 5 and could soon conquer the $18 level. In addition, discussions surrounding the U.S. crypto market structure bill, the Clarity Act, have recently gained momentum. If the legislation is formally introduced, XRP’s price is expected to achieve an even more significant leap.
Amid growing optimism over price gains, CoinCodex data revealed the top 10 addresses that have accumulated the most XRP. Bithumb ranked first, holding approximately 1.787 billion XRP, representing 1.78% of the total supply. Binance followed with about 1.679 billion XRP, accounting for 1.68%.
Uphold ranked third with 1.50%, followed by Upbit in fourth place with 1.36%, while an unidentified owner held 1.35% to take fifth place. Two wallets belonging to Ripple, the issuing company, ranked sixth and seventh with 1.33% and 0.82%, respectively. Another unidentified wallet held 0.71% in eighth place, while Bitbank and Coincheck accounted for 0.57% and 0.55%, rounding out the top 10.
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