Crypto Whales Invest in XRP, Dogecoin and Solana Over Upcoming Spike

Crypto whales are focusing on XRP, Dogecoin (DOGE), and Solana (SOL) as the crypto market's bullish run continues. All three tokens have seen significant gains in the last week fueled by the ongoing bull run, and crypto whales' interest in them could lead to further surges.

Solana's network activity is on the rise, with a $41.2 billion DEX volume registered last week, leading to a rise in SOL's market cap to $112 billion. This represents a 44% increase in market capitalization for SOL compared to its 2021 levels.

SOL's technical indicators suggest a cup-and-handle pattern formation in the monthly price chart, with a 54% chance of average breakout profit and a 95% success rate. These indicators suggest that SOL could rally to its all-time high of $260 and potentially reach $400.

Dogecoin is riding a wave of social media popularity after Elon Musk's appointment as one of the leaders of the Department of Government Efficiency (D.O.G.E.). The meme coin is in a bullish trend, which has pushed it through the $0.32 resistance level.

Most analysts have a positive outlook for Dogecoin, predicting a rally to $1 if it stays above $0.42, which will likely attract more investor interest in the meme coin.

Ripple's XRP remains above $1.09 while maintaining its bullish momentum. The RSI for XRP is above 85, indicating buying momentum despite being in overbought territory. The altcoin could potentially surpass the $1.50 resistance level and continue rallying towards $2. The increase in XRP trading volume suggests growing interest from both institutional and retail investors.

Crypto whales have strategically invested in XRP, DOGE, and SOL, anticipating significant gains as the crypto market continues to rise. Notably, another altcoin, JetBolt (JBOLT), has also garnered attention from crypto whales due to its unique features, such as AI-powered insight tools and zero-gas technology, which aim to revolutionize the blockchain market. The token was launched in August this year, with 66 million JBOLT sold.

At the time of writing, DOGE was trading at $0.377, down 4.97% in the last 24 hours, with a trading volume of $9.26 billion and a market cap of $55.40 billion. SOL was trading at $234, down 2.99%, with a market cap of $111.41 billion and a trading volume of $6.85 billion. XRP was trading at $1.09, down 2.15%, with a trading volume of $6.56 billion and a market cap of $62.11 billion.