Whale Activity Suggest Major Price Move Ahead For XRP Amid Plutochain Surge

Ripple has recently experienced major whale activity, with large holders moving nearly $700 million worth of XRP, according to Whale Alert data. 

Recent on-chain data shows a surge in whale transactions, with millions of XRP shifting between wallets, hinting at a potential price breakout. 

This activity coincides with rising anticipation around Ripple’s ongoing legal battles and expanding utility in cross-border payments. 

At the same time, PlutoChain ($PLUTO) could gain traction as a promising contender. This Layer-2 project might expand Bitcoin’s capabilities by introducing support for smart contracts and decentralized applications, which could unlock new possibilities. 

Let’s explore the details.

Whale Moves Hint at XRP Price Surge Amid Bold Ripple Predictions

XRP has been gaining significant attention recently, with its price currently sitting at $2.43. This marks an impressive 2.35% increase in just 24 hours, continuing its strong momentum since December 2024. 

Looking at technical indicators, XRP is currently facing resistance at $2.48, with further levels at $2.55 and $2.60. 

If it breaks through these levels, the next major resistance could be at $2.80. On the downside, XRP’s support is at $2.20, with additional support levels at $2.07. 

As of now, XRP is trading above its 50-day moving average of $2.35, signaling a bullish trend. However, a drop below the support at $2.20 could signal a potential reversal. The market remains volatile, so XRP’s price could fluctuate significantly in the short term.

According to Whale Alert data, an unidentified wallet recently moved 300 million XRP (valued at $649.8 million) to Ripple. Additionally, another anonymous wallet transferred 30 million XRP to the Bithumb exchange.

Increased whale activity is often seen as a bullish indicator. However, the transfer to Bithumb hints that the investor might be preparing to sell their holdings.

When it comes to expert opinions, there’s a mix of optimism and caution. According to @Manofbitcoin, XRP’s price has likely entered wave-(D) to the upside, with an ideal target range between $2.43 and $2.54, although the white scenario remains a possibility. 

Could PlutoChain Be the Key to Unlocking Smart Contracts on Bitcoin and Expanding Its Capabilities?

PlutoChain ($PLUTO) is releasing a Layer-2 solution that could make Bitcoin’s blockchain more adaptable by enabling smart contracts and decentralized apps (dApps). 

Bitcoin’s 10-minute block time has been a significant limitation, making it less ideal for supporting these advanced features. 

Meanwhile, faster blockchains like Ethereum and Solana have gained popularity for their ability to handle more complex applications. 

However, PlutoChain may change that, offering transaction speeds of up to 2 seconds, which could allow developers to leverage Bitcoin’s robust decentralized network to build applications. This could expand Bitcoin’s role and influence within the blockchain.

Its testnet is already handling over 43,200 transactions daily, a strong indication that it’s scalable and ready for real-world use.

A strong feature of PlutoChain is its community governance model, which empowers users to vote on protocol updates. This ensures the network remains decentralized and aligned with the community’s desires. 

To add to its credibility, PlutoChain has successfully passed audits from respected firms like SolidProof, QuillAudits, and Assure DeFi. 

Moreover, PlutoChain’s compatibility with Ethereum’s Virtual Machine (EVM) allows it to combine Bitcoin’s rock-solid security with Ethereum’s versatility. 

This might open up exciting possibilities for projects in decentralized finance (DeFi), NFTs, and artificial intelligence (AI).

The Bottom Line

XRP is showing signs of a major shift, with whale activity and growing excitement around Ripple’s legal battles and cross-border payment use cases signaling a potential breakout. 

 

PlutoChain could also generate substantial buzz by potentially introducing smart contract capabilities to Bitcoin. 

 

This L2 project could open the door to robust applications and expanded functionalities on BTC’s network. 

 

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Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.