24/7 Cryptocurrency News

5 Reasons Why Ripple XRP Might Explode In February 2023

XRP price is expected to embark new heights and here are the top 5 reasons why it might explode in February 2023.
Published by
5 Reasons Why Ripple XRP Might Explode In February 2023

XRP is among the most popular altcoins in the world. Ripple vs SEC lawsuit has kept the token under the headlines since December 2020. Though it stands to lose a lot if the case goes in favor of the SEC, the XRP price is expected to embark on a new journey north in the forthcoming month.

Advertisement

Top 5 reasons why Ripple might explode in February 2023

Whales Effect

In a stunning display of crypto-currency power, XRP crypto whales have purchased up to 70 million worth of XRP tokens in multiple transactions over the past 24 hours. According to WhaleAlert, $29.1 million worth of XRP tokens were transferred from an unknown wallet to Bitstamp. And soon after, 30,200,000 of the token, valued at $12,867,050, were moved from Bitso to another unknown wallet.

Strong Partnerships

Strategic partnerships are an essential element of a business’s growth strategy. And it’s no different for XRP. Ripple has partnered with more than 100 financial institutions including Santander (USA) Canadian Imperial Bank of Commerce (Canada) Kotak Mahindra Bank (India).

Read More: SHIB-Themed Burger- Shiba Inu’s First Step Into IRL Projects

Social Dominance

XRP has one of the biggest social dominance, which can easily lead to price surges ahead. At the time of writing, XRP is hovering around $0.4058 and has an $877,832,945 24-hour trading volume. The coin has increased by 4.41% during the past seven days and there are subtle cues to suggest that more gains will be had in the very near future.

Source – CoinMarketCap

Ripple’s Post-SEC Future

One of the latest news about the SEC vs Ripple lawsuit is that the US District Court Judge Analisa Torres overruled the SEC’s objections to providing emails sent by William Hinman (former Finance Division Director). Looking at the recent price surge, XRP does have a chance to reach the $0.5 mark by the end of February 2023. However, if the SEC trial goes in Ripple’s favor, the price may even surge higher than $1.

Also Read: Binance vs Huobi: Best Platform to Trade Cryptocurrency in 2023

Ripple XRP expansion in Asia

Every individual is very well aware that Asia is one of the largest markets for financial technologies and cryptocurrencies. XRP has been successful in Finding favors in the market, especially in South Asian countries like Japan, where financial institutions have been settling transactions in XRP.

Advertisement

Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Aster Token Crashes 10% On DEX Integrity Issues Ahead of Airdrop, What’s Happening?

BNB-based decentralized exchange (DEX) Aster has come into the limelight recently, this time facing integrity…

October 6, 2025
  • Bitcoin News

Spot Bitcoin ETFs Record 2nd Best Weekly Inflows Ever, Bloomberg Analysts Bullish

Spot Bitcoin ETFs saw nearly $3.3 billion in net inflows last week, the 2nd largest…

October 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B

Michael Saylor hinted that Strategy would not be making its routine Bitcoin purchase this week.…

October 5, 2025
  • 24/7 Cryptocurrency News

Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana

Crypto experts have begun to make bullish projections for Pudgy Penguins’ native token, PENGU. This…

October 5, 2025
  • 24/7 Cryptocurrency News

ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks

ASTER has announced that the roadmap for its second airdrop phase is set to begin…

October 5, 2025
  • 24/7 Cryptocurrency News

El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset

El Salvador is now sitting on $482 million in unrealized gains in its Bitcoin holdings.…

October 5, 2025