XRP News: ‘Dogecoin Millionaire’ Accumulates XRP, Sparking Speculation of Price Surge Amid Strategic Reserve Asset Rumors

Recent developments in the cryptocurrency world have once again captured the attention of investors, particularly regarding XRP. A well-known trader, known for his Dogecoin millions, has been quietly accumulating XRP, leading to speculations about a potential price surge. Here’s a closer look at what’s happening in the XRP market.

‘Dogecoin Millionaire’ Accumulates XRP, Speculation of Surge

The trader known as the ‘Dogecoin millionaire’ has quietly accumulated XRP since its $0.40 lows in 2022. This revelation has fueled speculation of an impending surge in the price of XRP. The comments come amid a significant week for XRP price forecasts, including its potential labeling as a U.S. strategic reserve asset on Monday, which pushed the altcoin up 35%. However, broader economic concerns, such as Trump’s “tariff war” and NATO tensions, limited the altcoin’s weekly gain to 15.80%. The Dogecoin millionaire, also known as SlumDOGE, touted his investments in XRP, Cardano, and Dogecoin at 2022 rock-bottom prices, describing them as “tried and true projects”.

Hybrid Crypto Exchange Project Predicted to Outperform XRP in 2025

The crypto industry has evolved due to advancing DeFi technology and demand for high-utility projects. Such projects attract investments from retail and institutional investors. XRP, developed by Ripple Labs, offers high-speed, efficient, and low-cost cross-border payments. Recently, a new high-utility project with a hybrid crypto exchange platform has emerged. Experts predict this project will outperform XRP in 2025.

XRP Surges 7% as Golden Cross Signals More Gains; Market Sentiment Awaits White House Crypto Summit

XRP has seen a 7% surge, potentially signaling more gains. The upcoming White House Crypto Summit on March 7 could play a crucial role in shaping market sentiment. Technical indicators, such as the DMI, show a weakening trend strength with the ADX at 18.49, down from 36.2 four days ago. The +DI has decreased to 25.1, while the -DI has risen to 14.4, suggesting fading bullish momentum and slightly increased selling pressure.

Analyst Predicts XRP Explosion; Investors Eye BEST Token Presale

A crypto analyst, Stock Moe, has made a bold prediction that XRP could hit a new all-time high soon, forecasting a 5x to 10x increase from its current price. He cites the SEC’s recent legal setbacks, particularly the dismissal of the Coinbase case, as a key catalyst for this potential surge. However, some investors are rotating into the Best Wallet (BEST) token presale, believing it offers an even bigger opportunity than XRP.