XRP News Today: Whales Stack ADA and XRP Amid Downturn, Signaling Bullish Bet on Altcoin Rebound

Cardano (ADA) and XRP have recently attracted increased attention from large investors, with whale activity hitting multi-month highs as the broader crypto market experienced a downturn. Despite a general decline across the sector, data from on-chain analytics platforms like Santiment show that large holders have continued to accumulate ADA and XRP, with transaction volumes exceeding $100,000 reaching five-month highs in August. This trend suggests a growing belief in the long-term potential of both assets, even amid short-term volatility [1].

On-chain data further supports this narrative. XRP wallets holding between one million and 10 million tokens increased their holdings by 300 million, bringing their total to 6.72 billion as of August 18. Similarly, Cardano's large holders added 30 million ADA to their portfolios, bringing their holdings to 5.55 billion [1]. These movements, which are valued at $900 million and $27.3 million respectively, indicate a significant shift in capital allocation by high-net-worth investors.

The accumulation trend is being reinforced by regulatory clarity for XRP, particularly following the conclusion of the SEC vs. Ripple lawsuit. XRP’s year-to-date return stands at approximately 15%, a performance driven by both legal developments and the gradual release of 1 billion XRP tokens from escrow. Analysts have noted that while the price has continued to form lower lows, the reduction in net taker volume signals weakening selling pressure, a classic bullish divergence [1]. A similar divergence in late July led to a double-digit price rally, suggesting that the current on-chain conditions may set the stage for a potential rebound.

Meanwhile, Cardano has been gaining traction due to its technical roadmap and growing institutional interest. The project has been making strides in scalability with initiatives like Hydra, while the Midnight sidechain and Cardano Constitution are enhancing governance and privacy features. Institutional adoption has also been on the rise, with a Nasdaq-listed index providing exposure to traditional finance players. These developments, combined with favorable macroeconomic conditions, have led some analysts to suggest Cardano could see renewed momentum in an eventual altcoin season [1].

Investors are also increasingly looking toward early-stage projects like MAGACOIN FINANCE, which has been compared to XRP and Solana for its potential to deliver high returns. The presale has drawn attention for its early-stage utility and scarcity-driven model, with projections of up to 7,800% return for early buyers. While Cardano remains a long-term play, MAGACOIN FINANCE is being viewed as a complementary option for those seeking exponential growth potential [2].

Despite the positive signals, reaching a price of $5 for ADA by 2025 remains a challenge. Most forecasts place ADA between $0.80 and $2.15, with the $5 level requiring not only a surpassing of ADA’s 2021 all-time high but also a sustained new valuation. The project faces stiff competition from Ethereum and Solana, as well as regulatory and governance uncertainties. A more realistic trajectory may involve a move past $1 in the short term, with $5 potentially achievable in a future bull cycle [2].

Source:

[1] Cardano and XRP Whale Activity Hits Multi-Month High (https://finance.yahoo.com/news/cardano-xrp-whale-activity-hits-160753452.html)

[2] Cardano Price Outlook: Can ADA Reach $5 in 2025? (https://crypto-economy.com/cardano-price-outlook-can-ada-reach-5-in-2025/)