XRP News Today: BlockDAG Rises as XRP Whales Battle Buy vs Sell Instincts

BlockDAG’s $380M presale has captured significant attention in the cryptocurrency market, with over 2.5 million miners participating in the initiative. This development places BlockDAG in a prominent position as a new entrant in the blockchain space, competing with more established names like Cardano and XRP. While Cardano continues to focus on its smart contract platform, XRP has recently seen heightened volatility driven by major whale movements and the resolution of its long-standing legal battle with the SEC. These developments have led to increased scrutiny and analysis from investors and analysts alike.

XRP experienced a notable price movement following the Ripple vs SEC lawsuit being officially dismissed in late 2024, removing a long-standing legal cloud from the token. The price surged nearly 10% in a 24-hour period, reaching $3.03 at one point. A major whale transferred over $50 million worth of XRP to Coinbase, raising speculation about potential sell-off activity. However, no confirmed details about the whale’s next move have surfaced. Analysts suggest that the uptrend could continue if the token sustains its current momentum, but further volatility is expected given the large volumes being moved in and out of exchange wallets [1].

Despite this optimism, a separate report indicates that XRP whales have dumped 470 million tokens over the past ten days, adding significant selling pressure to the market. The price has since retreated to $2.89, down 4% in the last 24 hours and 11% over the past week. The on-chain data suggests that while whales are selling in large volumes, they are also accumulating during dips, purchasing over $360 million worth of XRP in recent weeks. This dual behavior reflects a complex dynamic in the market, where major players are both capitalizing on short-term gains and reinforcing their long-term positions [2].

The XRP price rally has been further fueled by broader macroeconomic factors, including anticipation of a potential interest rate cut following the Federal Reserve Chair Jerome Powell’s Jackson Hole speech. These macroeconomic signals, coupled with the legal resolution for XRP, have created a favorable environment for bullish movements. However, if selling continues, analysts warn that XRP could test the $2.70–$2.50 support levels. The token’s performance remains closely tied to whale activity and investor sentiment, with the market currently in a phase of consolidation and uncertainty.

BlockDAG’s presale, in contrast, has shown a more consistent trajectory with a total of $380 million raised and 2.5 million miners actively participating. The project has attracted attention for its use of a BlockDAG structure, which promises faster transaction speeds and higher scalability compared to traditional blockchain architectures. While it remains to be seen whether BlockDAG can compete with more established platforms, its early traction highlights the growing interest in alternative blockchain technologies.

As the cryptocurrency market continues to evolve, both XRP and Cardano are navigating their own unique challenges and opportunities. XRP’s regulatory clarity post-lawsuit has been a major catalyst, while Cardano is positioning itself as a leading smart contract platform. Meanwhile, projects like BlockDAG are leveraging innovative technology to carve out a niche in the competitive blockchain landscape.

Source: [1] XRP Whale Moves For Profit: $50M Token Transferred as Ripple Case Ends (https://coingape.com/trending/xrp-whale-moves-for-profit-158m-token-transferred-as-ripple-case-ends/) [2] 470000000 XRP Offloaded by Whales — What's Next for Ripple's Price (https://cryptopotato.com/470000000-xrp-offloaded-by-whales-whats-next-for-ripples-price/)