Large XRP transactions surged to a three-month high this week, signaling renewed activity among major holders as bullish long-term price forecasts resurface across the crypto market.
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Whales Surge
Blockchain analytics firm Santiment said the XRP Ledger recorded a sharp increase in “whale” transactions—defined as transfers worth $100,000 or more.
On Monday, the network logged 2,170 such transactions, rising to 2,802 on Tuesday, the highest level seen in three months.
Historic surges in whale moves usually correlate with a price increase, but XRP’s recent rally has stalled over the past 24 hours.
At the time of reporting, XRP was trading at $2.07, down approximately 7.49% in the past 24 hours.
XRP Price to $8?
The move comes after Standard Chartered analyst Geoffrey Kendrick forecast that XRP could climb to $8 by 2026, implying upside of more than 300% from current levels.
Kendrick cited improving regulatory clarity in the U.S. and the possibility of exchange-traded fund (ETF) access as catalysts that could materially expand XRP’s investor base and real-world usage.
The forecast builds on other bullish outlooks that emerged last year, including an optimistic prediction of $33 to $50 from investment research group Sistine.
Ripple Remaining Private
The renewed price forecasts come as Ripple signals it is in no rush to enter public markets.
In a recent Bloomberg interview, company President Monica Long said Ripple intends to remain privately held.
She said the company was “in a really healthy position to continue to fund and invest in our company’s growth without going public.”
The comments follow Ripple’s recent $500 million funding round, which valued the company at $40 billion late last year.
Whether this will impact XRP’s ability to reach the bullish prediction of $8 remains to be seen.
CCN asked ChatGPT and Grok for their take.
ChatGPT’s Take
ChatGPT was not convinced that a move to $8 was possible.
“XRP might be widely known, but it’s not magic,” the AI model said.
According to ChatGPT, a move toward $8 would take a complete financial shift that has never been seen before.
“A rally of that magnitude would take mountains to move,” it said.
Grok’s Outlook
Grok was also skeptical and somewhat combative of the prediction.
“When large holders start moving coins en masse, it’s often preparation, not celebration,” the chatbot said.
“History shows whales tend to move first — and retail figures out why later.”
Grok said whether traders will find out whales are moving bullishly remains to be seen, but the price prediction is unlikely.
“An asset doesn’t triple in value just because access improves,” it said. “It triples when demand overwhelms supply, and where is the proof for that?”
CCN’s XRP Price Outlook
Victor Olanrewaju, an analyst at CCN, previously said XRP’s daily chart supported a bullish outlook.
“If momentum holds and buyers remain active, XRP could break $2.49 and extend toward $2.94,” Olanrewaju said.
However, he cautioned that weakening demand could invalidate the bullish setup, potentially pulling the token back toward the $1.77 level.
