Crypto Expert Suggests XRP Price Will Soon Reach New All-Time High

The uncovering of a smart wallet labeled ‘Musk’ within XRP’s liquidity tracking system has ignited speculation about its ability to predict the cryptocurrency’s next record-breaking peak. Drawing similarities to a strategic maneuver in 2017 when XRP reached its previous all-time high, many anticipate a similar event occurring in the upcoming year.

Recent crypto enthusiasts from XRP Liquidity took to Twitter to shed light on a smart money wallet associated with an address tagged as “Musk.” The wallet’s owner, who appears to have a fascination with astronomy and science, has tags referencing figures like Isaac Newton, Andreessen, and Turing.

These wallets were activated between 2013 and 2014 and have gained attention due to a newer unknown wallet activated by the Isaac Newton address in August 2017, which received all the XRP holdings from other tagged addresses. This consolidation resulted in a balance of 20 million XRP.

While the wallet has held onto most of these tokens for over six years, one particular event caught the attention of the XRP Liquidity team. In December 2017, the wallet executed a strategic move by transferring 2.99 million XRP to Bitstamp just days before XRP reached its all-time high of $3.31. These transactions took place during the bull run that began on December 11, 2017, and XRP reached its ATH only 21 days after.

Despite a slight decrease in balance to 17 million XRP after the transfers, the wallet has held onto this amount since then.

The XRP Liquidity team now suggests that investors closely monitor this mysterious wallet. According to their analysis, if the wallet initiates another round of XRP transfers, it could indicate that XRP is gearing up for another all-time high.

Currently, XRP is trading at $0.5612, showing a 1.14% increase in the past 24 hours. Despite this upward movement, some investors express disappointment with XRP’s relatively slow growth in the current bullish market.