{"id":554825,"date":"2023-10-10T18:00:46","date_gmt":"2023-10-10T18:00:46","guid":{"rendered":"https:\/\/uniquehot.com\/?p=554825"},"modified":"2024-06-11T07:52:49","modified_gmt":"2024-06-11T07:52:49","slug":"xrp-price-whales-move","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-price-whales-move\/","title":{"rendered":"XRP Price Gearing Up For Rebound As Whales Make Their Move"},"content":{"rendered":"

Although the <\/span>XRP <\/span><\/a>price has <\/span>witnessed a decline along<\/span><\/a> with the overall crypto market since the beginning of October, recent price action shows XRP is consolidating in the $0.5 support level, suggesting the early stages of a rebound may be brewing. In addition to this, on-chain data has revealed some whales are expanding their holdings in preparation for the rebound.\u00a0\u00a0<\/span><\/p>\n

Large XRP Transactions Hint At Accumulation<\/h2>\n

Various on-chain data has shown large XRP transactions in the past few weeks to and from exchanges, suggesting some whales might be accumulating XRP tokens.<\/span><\/p>\n

Related Reading: Why Does Ripple Return Unlocked Tokens To Escrow? Pro-XRP Lawyer Provides Answers<\/a><\/div>\n

According to data from Whale Alerts, a crypto whale tracking service, 50 million XRP worth $24.8 million was recently transferred from Crypto.com to a private wallet.\u00a0<\/span><\/p>\n

\n

\ud83d\udea8 50,000,000 #XRP<\/a> (24,894,598 USD) transferred from #CryptoCom<\/a> to unknown wallethttps:\/\/t.co\/f2Zrx9pLf3<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) October 9, 2023<\/a><\/p><\/blockquote>\n

Whatever the reasons, massive XRP transactions like this are worth paying attention to as they can either increase or decrease buying and selling pressure.\u00a0\u00a0<\/span><\/p>\n

\n

\ud83d\udea8 \ud83d\udea8 60,000,000 #XRP<\/a> (30,985,299 USD) transferred from #Ripple<\/a> to unknown wallethttps:\/\/t.co\/VNiAX1u5mI<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) October 9, 2023<\/a><\/p><\/blockquote>\n

While there have been other whale movements from private wallets to exchanges, data from the crypto analytics platform Santiment points to an accumulation tactic from XRP whales. A metric that follows the balances of wallets holding between 100,000 to 1 million XRP has significantly increased since the beginning of the month.\u00a0<\/span><\/p>\n

In this last 7-day timeframe, the net cumulative balance in these wallets <\/span>increased <\/span><\/a>by 60 million XRP tokens from 3.77 billion to 3.83 billion. XRP is currently trading at $0.499, putting the net increase of these whales at $29.9 million.<\/span><\/p>\n

\"XRP<\/p>\n

Price recovers as whales accumulate | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
What\u2019s Next For XRP Price \u2013 Potential Impact<\/h2>\n
Interest in the XRP price is now at one of its highest levels, and according to financial analysts, the cryptocurrency is <\/span>leading the charge in upending the conventional payments sector<\/span><\/a>. The number of XRP holders has also steadily been on the rise, as news about <\/span>Ripple and the SEC<\/span><\/a> has continued to generate attention for XRP.\u00a0<\/span><\/p>\n
Data from Santiment below shows this measure is now at 4.8 million wallet addresses:<\/span><\/p>\n
\"Ethereum<\/p>\n
Whales increase their holdings | Source: Santiment<\/pre>\n
Related Reading: Shiba Inu-Based BONE Gearing Up For Massive Rally, Here\u2019s Why<\/a><\/div>\n
The XRP price is down by 2.11% in the past 24 hours, but trading volume increased by 56.53%. Higher volume means there is more activity and interest in an asset, which can indicate a price spike. However, <\/span>bulls have failed to hold<\/span><\/a> the $0.50 support zone, and XRP might continue to move down if it breaks below $0.488.\u00a0<\/span><\/p>\n
With whales accumulating, key support levels holding, and the SEC lawsuit progressing in Ripple’s favor, there might be a bullish reversal for XRP. According to one analyst, <\/span>XRP could rise<\/span><\/a> 1137% to a new to a new all-time high of $5.85.<\/span><\/p>\n
Featured image from Crypto News Flash, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Although the XRP price has witnessed a decline along with the overall crypto market since the beginning of October, recent price action shows XRP is consolidating in the $0.5 support level, suggesting the early stages of a rebound may be brewing. In addition to this, on-chain data has revealed some whales are expanding their holdings in preparation for the rebound.\u00a0\u00a0 Large XRP Transactions Hint At Accumulation Various on-chain data has shown large XRP transactions in the past few weeks to and from exchanges, suggesting some whales might be accumulating XRP tokens. Related Reading: Why Does Ripple Return Unlocked Tokens To Escrow? Pro-XRP Lawyer Provides Answers According to data from Whale Alerts, a crypto whale tracking service, 50 million XRP worth $24.8 million was recently transferred from Crypto.com to a private wallet.\u00a0 \ud83d\udea8 50,000,000 #XRP (24,894,598 USD) transferred from #CryptoCom to unknown wallethttps:\/\/t.co\/f2Zrx9pLf3 \u2014 Whale Alert (@whale_alert) October 9, 2023 Whatever the reasons, massive XRP transactions like this are worth paying attention to as they can either increase or decrease buying and selling pressure.\u00a0\u00a0 \ud83d\udea8 \ud83d\udea8 60,000,000 #XRP (30,985,299 USD) transferred from #Ripple to unknown wallethttps:\/\/t.co\/VNiAX1u5mI \u2014 Whale Alert (@whale_alert) October 9, 2023 While there have been other whale movements from private wallets to exchanges, data from the crypto analytics platform Santiment points to an accumulation tactic from XRP whales. A metric that follows the balances of wallets holding between 100,000 to 1 million XRP has significantly increased since the beginning of the month.\u00a0 In this last 7-day timeframe, the net cumulative balance in these wallets increased by 60 million XRP tokens from 3.77 billion to 3.83 billion. XRP is currently trading at $0.499, putting the net increase of these whales at $29.9 million. Price recovers as whales accumulate | Source: XRPUSD on Tradingview.com What\u2019s Next For XRP Price \u2013 Potential Impact Interest in the XRP price is now at one of its highest levels, and according to financial analysts, the cryptocurrency is leading the charge in upending the conventional payments sector. The number of XRP holders has also steadily been on the rise, as news about Ripple and the SEC has continued to generate attention for XRP.\u00a0 Data from Santiment below shows this measure is now at 4.8 million wallet addresses: Whales increase their holdings | Source: Santiment Related Reading: Shiba Inu-Based BONE Gearing Up For Massive Rally, Here\u2019s Why The XRP price is down by 2.11% in the past 24 hours, but trading volume increased by 56.53%. Higher volume means there is more activity and interest in an asset, which can indicate a price spike. However, bulls have failed to hold the $0.50 support zone, and XRP might continue to move down if it breaks below $0.488.\u00a0 With whales accumulating, key support levels holding, and the SEC lawsuit progressing in Ripple’s favor, there might be a bullish reversal for XRP. According to one analyst, XRP could rise 1137% to a new to a new all-time high of $5.85. Featured image from Crypto News Flash, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":554834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[89615,14781,4531,83637,13172,86043,10972,78763],"class_list":["post-554825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-whale-news","tag-whales","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-whales","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Gearing Up For Rebound As Whales Make Their Move<\/title>\n<meta name=\"description\" content=\"The XRP price has witnessed a decline along with the overall crypto market since the beginning of October.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Gearing Up For Rebound As Whales Make Their Move","url":"http:\/\/uniquehot.com\/news\/ripple\/xrp-price-whales-move\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/xrp-price-whales-move\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/XRP-price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/XRP-price.jpeg?fit=1000%2C600"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["whale news","whales","xrp","xrp news","xrp price","xrp whales","xrpusd","xrpusdt"],"dateCreated":"2023-10-10T18:00:46Z","datePublished":"2023-10-10T18:00:46Z","dateModified":"2024-06-11T07:52:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Gearing Up For Rebound As Whales Make Their Move\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-price-whales-move\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-price-whales-move\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/XRP-price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/XRP-price.jpeg?fit=1000%2C600\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"whale news\",\"whales\",\"xrp\",\"xrp news\",\"xrp price\",\"xrp whales\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-10-10T18:00:46Z\",\"datePublished\":\"2023-10-10T18:00:46Z\",\"dateModified\":\"2024-06-11T07:52:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/XRP-price.jpeg?fit=1000%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/554825"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=554825"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/554825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/554834"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=554825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=554825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=554825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}