Major investors, known as “whales,” are accumulating XRP at the fastest pace in three months, signaling strong confidence from deep-pocketed players. This surge in whale activity often precedes significant price movements. However, this bullish signal is tempered by Ripple’s official announcement that it has no plans for an Initial Public Offering (IPO) and intends to remain a private company, dispelling a major market rumor.
Despite the lack of an IPO catalyst, some analysts have issued bold forecasts, suggesting XRP could surge toward $8 based on its underlying utility in cross-border payments and increasing adoption.
The whale buying suggests “smart money” sees value at current prices, while the denied IPO removes a speculative hype narrative, potentially leading to a more sustainable, fundamentals-driven rally. It’s a lesson in distinguishing between hype-driven speculation and genuine accumulation, highlighting a strategic entry point backed by institutional interest rather than just rumors.