A $51 million XRP transfer between anonymous wallets hints at a potential price rally, as whale activity typically signals long-term holding intentions. Crypto analysts Egrag Crypto and Dark Defender project double-digit gains for XRP, fueled by reduced investor concern over legal battles.

Whale Transfers and Market Optimism for XRP

The $51 million worth of XRP transfer by whales could cause the price of XRP to surge. According to the onchain statistics, two anonymous wallets transferred 100 million XRP, which is equivalent to $51.6 million.

Since the whale in question is likely trying to unload their currency holdings, the fact that the transfer did not go to an exchange is optimistic.

As an alternative, the whale might have merely transferred it to a different wallet for security reasons, as they intend to store it for the long haul.

Ripple's SEC Appeal Case: An Unaffected Investor Sentiment

In the midst of Ripple's appeal case with the US Securities and Exchange Commission (SEC), this incident occurs. Investors' attitude toward XRP appears to be unaffected by the protracted legal dispute, according to this whale behavior, which is good news for the coin.

Egrag Crypto, a cryptocurrency analyst, has predicted that XRP might exceed $95 shortly, which coincides with the whale behavior, Coingape shares.

This extraordinary price gain could be triggered by factors such as an increase in whale activity. Nevertheless, for the moment, everyone's attention is going to be on XRP finally breaking above the $0.6 resistance, a level it has approached many times since Judge Analisa Torres' final ruling in August.

Egrag Crypto's Forecast: XRP and Bitcoin Price Correlation

Another viewpoint on the potential movement of the XRP price in tandem with the Bitcoin price has been offered by Egrag Crypto.

If Bitcoin's price reaches $100,000, the expert said that XRP might reach $4.43. In his opinion, a price increase of 555% would be comparable to the peak of the last cycle.

Not only that, according to Egrag, XRP might reach $5.76 when BTC reaches $130,000, $6.64 when the flagship coin reaches $150,000, and $7.53 and $8.86 when BTC explodes to $170,000 and $200,000, respectively.

Long-Term Predictions: Analysts Eyeing $99 for XRP

Since the analyst thinks the XRP price will go higher than this, he pointed out that this price target of $4.43 to $8.86 is the worst-case scenario. Even in the "worst-case scenario or not," XRP has "good potential," says Egrag.

Dark Defender, another crypto analyst, found a similarity between Bitcoin and XRP prices, although from a different perspective.

He said in an X post that when Bitcoin's dominance starts to wane, the XRP bull run starts. Noting that this occurred in 2017 and 2021, he anticipates that this time too, it will be the same.

The XRP bull run, according to the graphic he provided, will start next month and continue until November 2025. If the graph is to be believed, XRP will surge into the double digits and hit $99 in the near future.