# XRP Price Surges as Holders Gain $1.9B, Hits $1.49 Target
It’s been an incredible month for XRP as holders book nearly $2 billion in gains, hitting a three-year high and applying bearish pressure on the coin. Despite a slight dip to $1.41, XRP has since surged to $1.49, continuing its impressive November run.
## XRP Holders Cash In on Profits
Data from Santiment reveals that XRP investors have been capitalizing on the token’s recent highs, resulting in a cumulative profit of $1.9 billion this week. Long-term holders have been among the first to cash in their profits, as indicated by the Mean Dollar Invested Age (MDIA) metric.
## Bulls Retake Control
After a brief price dip to $1.41, XRP bounced back with a 7.6% surge in the past 24 hours, now trading at $1.49 with an $84.78 billion market cap. The positive momentum comes amid Ripple’s legal victory against the SEC and growing optimism within the XRP community.
## XRP Eyes $2 Next
Analysts believe that XRP’s bull market is just getting started, with the potential to hit $2 in the near future. The token’s November rally has been impressive, outperforming major cryptocurrencies like Bitcoin and Ethereum by gaining 187% in a month.
The XRP community is buzzing with excitement as the token breaks out of its long-standing range, fueled by recent positive developments. This article serves as a guide for informational purposes only and does not constitute investment advice. Investors are urged to conduct thorough research and seek professional guidance before making financial decisions.
Steve, a seasoned blockchain writer with a passion for driving positive change through technology, brings a unique perspective to the world of cryptocurrency. His dedication to advancing blockchain solutions for global impact underscores his commitment to innovation and transformation. For inquiries, contact Steve at info@crypto-news-flash.com or dial +49 160 92211628 for more information.
