How will Ripple (XRP) and Dogecoin (DOGE) prices react as the whales continue to buy?

TL:DR;

Crypto markets went through a more volatile weekend, but the biggest investors seem impatient as they continue to pile on two of the biggest chips by market cap. The question now is whether XRP and DOGE will recover quickly, given the massive purchases made by the so-called whales.

It was a rollercoaster of a week for the entire crypto market, with BTC breaking above $102,000 at the start only to drop over ten thousand in two days to a multi-week low.

Altcoins followed suit, with DOGE, for example, hovering near $0.4 at one point this week, but then plunging to $0.31, a pullback from 22%

XRP briefly topped $2.5 on January 4th and $2.47 on January 7th, but the market-wide correction pushed it to a low of $2.2 on January 9th before it went calm down to about $2.33 in the last 24 hours.

These enhanced fluctuations tend to scare off certain investors, especially retail investors, but that hasn’t been the case for whales. Santiment data, shared by Ali Martinez, shows that XRP and DOGE whales have been piling up amid this market uncertainty.

Those with the largest meme coin by market cap increased their deposit by adding over 470 million DOGE in just 48 hours. In dollar terms, this would put the total accumulation at about $150 million, with an average price of $0.33 per token.

The XRP case is even more bullish as whales bought over a billion tokens in the same time period. An average price of about $2.3 puts this two-day acquisition at $2.3 billion.

The whales bought approximately 1 billion $XRP in the last 48 hours! pic.twitter.com/XUlibpXkz5

— Ali (@ali_charts) January 10, 2025

It is worth noting that both assets reacted to this market-wide crash in a less painful way compared to the previous one at the end of 2024, when BTC fell back towards $91,000.

XRP then fell hard, dipping below $2 on a couple of occasions. So far during this correction, the token’s low was 10% higher at $2.2, perhaps helped by the aforementioned big buys.

The scenario for DOGE was similar as it fell to just over $0.26 on December 30, while its fund now stands at over $0.31.

Consequently, it can be said that whale rallies helped both assets during the crash, and could have an even bigger effect if they continue and the market rebounds in the coming days.

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