Ripple’s XRP 200% Surge — Solana & Pepe Join the Rally

This year’s XRP price surge was fueled by massive accumulation from wallets holding 1M-10M XRP, which now own 37% more coins than two months ago. According to Santiments, these wallets have added around $3.8B in XRP since November 12, 2024.

XRP Whale Transactions on the rise. Source: Santiments

Despite XRP’s 6% decline in the last 24 hours, it is now close to its all-time high of $3.40, which was achieved seven years ago, according to Brave New Coin’s XRP Liquid Index.

Recent growth has exceeded 300% since late 2024, and market indicators suggest further increases are likely. Analyst Martinez points to an XRP price prediction of $10 if the current buying trend continues.

XRP is down today following the release of Trump’s meme coin. Brave New Coin’s XRP Liquid Index. 

Martinez also emphasizes a breakout from a bull pennant pattern, a strong bullish signal in technical analysis. Combined with substantial whale investments, these factors position XRP for a possible threefold increase in 2025.

XRP is gaining traction, while Ethereum is losing appeal among certain investors. Crypto analyst Legacy emphasized a 156% surge in the XRP/ETH ratio since suggesting Ethereum-to-XRP conversions. Legacy described Ethereum as overvalued and credited XRP’s rise to its $rUSD stablecoin, the forthcoming XRP ETF, and Ripple’s strategic market initiatives.

Source: Legacy 

Significant growth in XRP’s future open interest supports this trend. Data from Coinglass indicates a 45% increase in open interest since the week began, reaching an unprecedented $7.6 billion. This surge reflects rising expectations for substantial price movements.

Source: CoinGlass

Legacy’s insights have intensified speculation about XRP overtaking Ethereum. He predicts that XRP’s robust market performance, coupled with strategic partnerships, could drive a further 200% rally against Ethereum in the near term.

XRP isn’t the only cryptocurrency turning heads. Solana, trading at $240, has caught the attention of analysts due to its potential for further growth. Martinez points to the Tom DeMark Sequential indicator, which signals a possible bullish trend reversal for Solana. He forecasts that the cryptocurrency could climb as high as $220 in the short term, a very strong Solana price prediction.

A buy signal on the Solana chart. Source: Ali Martinez

Solana’s ecosystem has thrived, with its decentralized exchange (DEX) network achieving record milestones. According to DeFiLlama, Solana’s monthly trading volumes soared to $70 billion, with last week recording a 27 billion surge in volume. Raydium emerged as a key player, accounting for 63% of Solana’s weekly volume and processing over $780 billion in November alone.

Source: DefiLlama

With active addresses on Solana’s network climbing to 25 million, the platform’s adoption is surging. This significant surge, bolstered by increased adoption and strong network metrics, could push Solana’s price to hit $300 in the coming months.

Pepe (PEPE), a meme coin that gained over 22% in December, is also in the spotlight. Despite challenges in breaking past the $0.0000221 resistance level, analysts remain optimistic about its potential. A crypto analyst named Bullish Traders recently shared a bullish outlook for Pepe, stating:

“Clear Bullish Flag Formed At The Chart And The Price Bounced From 0.017$ Support Area Twice As a Double Bottom And Wave C PRZ, Expect a New Bullish Move From Here And Breakout a Trend Line Toward a 0.0235$ And 0.0331$ Soon”

At the time of writing, PEPE was trading at $0.0000187, marking a 5.66% decline in the last 24 hours. Analysts project that the meme coin could rise to $0.000033 soon as the token has tested the 0.000017 support level twice recently.

Well, there you go. As the market continues to digest the circumstances surrounding President Trump’s meme coin release during Friday night’s Crypto Ball, smart traders know the alpha remains with XRP, Solana, and Pepe. Act accordingly.