XRP Price Gains 8%, is 100x Possible as Ripple Chairman moves XRP? JetBolt attracts Ripple Whales as Presale Surges

Ripple (XRP) has just jumped by 8% in less than a week following new developments related to the SEC and Grayscale. Now as news is just breaking that Ripple’s Chairman, Chris Larsen, has just moved 50 million XRP to an unidentified address, speculation is raging in the Ripple community about what this $29.12 million transfer could mean for the token’s price.

Simultaneously, another substantial news story is emerging with JetBolt (JBOLT)’s debut presale. Amidst the uncertainty, many XRP whales have already started accumulating the new altcoin in anticipation of a possible surge.

Ripple (XRP) Price Prediction: Is 100x Possible in 2024?

As sentiment in the Ripple (XRP) community has quickly gone from bearish to bullish over recent developments, many XRP promoters are exploring the possibility of 100x growth. However, most industry experts predict that XRP’s price will reach a maximum price range of $0.65 to $0.75 in 2024. On the more bullish end of the spectrum, several XRP maxis are hoping for a $1 XRP price move, but crypto analysts point to ongoing Ripple (XRP) price volatility.

Ripple Whales attracted to new coin JetBolt as its presale surges

In the midst of XRP sideways trading, Ripple whales are buying new coins this week as the US Federal reserve announces interest rate cuts which is bringing bullish sentiment to the crypto market. JetBolt (JBOLT) is amongst the top coins that Ripple whales are accumulating as the JetBolt presale surges in the first few days of sales. Ripple buyers are attracted to JetBolt’s (JBOLT) zero gas tech benefits and its AI crypto component. Blockchain analysts are eagerly tracking this new surging JetBolt development as JBOLT gains growing momentum within the Ripple (XRP) investor and whale community.

XRP Selloff or regular transfer? Ripple (XRP) Chairman Larsen moves 50 million XRP

Ripple (XRP) selloff fears and speculation were rife following Ripple Chairman Chris Larsen’s transfer of 50 million XRP tokens to a new wallet address. Some crypto commentators also fear the possibility of a hack, given that another one of Larsen’s wallets was previously compromised earlier this year, leading to the over 200 million XRP tokens being stolen. In that prior instance, Binance’s Richard Teng announced that the exchange managed to recover some of the past stolen funds.

XRP Chairman’s recent transfer activity did not result in further XRP selloff, and XRP’s price even underwent a small 1% pump in the last 24 hours. Blockchain reporters attribute this Ripple XRP price increase to growing bullish macro crypto market sentiment. As investor and crypto whale activity increases on the back of the US Federal reserve rate cuts, buyers are seeking out new coins like JetBolt (JBOLT), Toncoin (TON), and Kaspa (KAS) amongst others.

XPR Price Movements – Why is Ripple XRP trading sideways?

According to XRP price technical analysis from MCO Global, XRP might experience a weak “B Wave” and could have a price breakout should XRP price surpass the $0.6 level. MCO Global analysts caution that despite the presence of a possible XRP Elliott Wave Triangle and the possibility for XPR price to move up more directly, current XRP price volatility warrants further observation of Ripple’s XRP price in the days to come. As Ripple (XPR) continues to trade sideways with a slight progression, XRP holders are turning to next generation coins like JetBolt (JBOLT).

Conclusion – XRP price gains amidst selloff fears and crypto market boost

As a wave of optimism returns to the crypto market, Ripple (XRP) investors are enjoying XRP’s price increase this week. The recent XRP transfer by Ripple Chairman sparked debate within the Ripple community online, with some even speculating that the funds may be used to support presidential candidate Harris by way of a campaign donation. While the nature of Larsen’s XRP transfer remains unclear, one thing is certain, Ripple (XRP) whales and holders are moving to acquire new altcoin JetBolt (JBOLT) as the crypto market warms up again.

XRP holders and crypto buyers with interest in the new growing JetBolt (JBOLT) coin opportunity can explore the links below:

JetBolt (JBOLT) Website: https://jetbolt.io
JBOLT Telegram: https://t.me/jetboltcoin
JBOLT X / Twitter: https://x.com/jetboltofficial

The world of crypto is full of exciting opportunities. Those exploring the crypto terrain and market should be sure to do their own research and know that all coins are volatile and contain risks. This article does not contain any financial advice.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.