The recent activity in the cryptocurrency markets has led especially well-known Bitcoin investors to increase their interest in the XRP market. These moves come at a time when both trust and skepticism about XRP are intensifying in a widely debated environment.
XRP has become a topic of discussion in cryptocurrency markets, especially since it has faced regulatory pressures from the SEC. However, despite this difficult process and price disappointment, many prominent traders and investors continue to defend the potential and value of XRP. This shows that interest in the XRP market is still strong.
Recently, it seems that there are many well-known Bitcoin investors who have injected significant funds into the XRP market and are confident in the potential of XRP. These investors buy large amounts of XRP, considering it to be a valuable asset at low price levels. These moves have the potential to affect the general perception in the market.
Particularly noteworthy XRP purchase from your statements one came from a famous Bitcoin trader who uses the username “Doctor Profit” on X (on Twitter). Doctor Profit announced a half-million-dollar investment in XRP in a statement made earlier today.
Adding half a million dollars worth of $XRP at a price of $0.56, to my existing long term XRP position
Last big buy order for XRP was in January last year, bought for 0.32
NEWS CONTINUES BELOWExpanded my position today pic.twitter.com/mhrWBIUcOr
— Doctor Profit 🇨🇭 (@DrProfitCrypto) February 16, 2024
According to Doctor Profit’s statement, the Bitcoin trader entered the XRP market at $0.56 per altcoin, significantly expanding his existing XRP portfolio. This move can be interpreted as an indicator not only of Doctor Profit, but also of general confidence in the XRP market.
As a result, the Bitcoin trader invested $497,506.57 in XRP. Considering that XRP was trading at $0.5714 at press time, the investor made a profit of $10,098 in a few hours with this XRP purchase.
While some cryptocurrency community members praised Doctor Profit’s move, others expressed skepticism and questioned the logic behind investing such a significant amount in XRP.
Other Noteworthy XRP Purchases
Meanwhile, Doctor Profit is not the only Bitcoin trader entering the XRP market. Similarly, in a recent post, a Bitcoin trader reported making an update to his XRP portfolio. explained. He posted a screenshot of one of his wallets and the balance was 180,738 XRP worth $102,746. Interestingly, this Bitcoin trader has set a target price range of $3 to $7 for the popular altcoin this year.
Similarly, the story of a crypto founder who announced his return to the XRP market after a seven-year absence also made headlines recently.
You can follow the current price movement here.
Source : the crypto basic