{"id":568883,"date":"2024-01-10T23:00:36","date_gmt":"2024-01-10T23:00:36","guid":{"rendered":"https:\/\/uniquehot.com\/?p=568883"},"modified":"2024-06-11T10:36:24","modified_gmt":"2024-06-11T10:36:24","slug":"xrp-whales-make-big-moves","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-whales-make-big-moves\/","title":{"rendered":"XRP Whales Make Big Moves Amid Market Volatility"},"content":{"rendered":"

XRP Whales<\/span><\/a> are causing a stir in the <\/span>XRP community<\/span><\/a> as holders speculate on what could be the reason for their latest moves. On-chain data shows that these whales have moved a significant portion of <\/span>their holdings<\/span><\/a> in the last 24 hours.\u00a0\u00a0<\/span><\/p>\n

Over 63 Million XRP Tokens Moved<\/h2>\n

Data from Whale Alert shows that two significant XRP transactions have occurred recently. The first was a <\/span>transfer of 26,400,000 XRP<\/span><\/a> from an unknown wallet to the crypto exchange Bitstamp. The second was a <\/span>transfer of 36,964,930 XRP<\/span><\/a> from the crypto exchange MEXC to an unknown wallet.\u00a0<\/span><\/p>\n

It is normal for transactions of such magnitude to raise eyebrows, <\/span>considering the impact<\/span><\/a> that they could have on <\/span>XRP\u2019s price<\/span><\/a>. Specifically, such transfers to centralized exchanges usually suggest that the whale could be looking to dump the crypto tokens on retail investors. If so, that could potentially lead to a significant decline in the altcoin’s price.\u00a0<\/span><\/p>\n

Related Reading: VanEck Announces Massive $72 Million Bitcoin ETF Seeding As Two Tickers Appear On DTCC Website<\/a><\/div>\n

In this case, it is, however, worth mentioning that the first transaction in question happens to be a recurrent one, as huge sums of XRP tokens <\/span>have been reported<\/span><\/a> on a couple of occasions to have moved from that same wallet to Bitstamp.\u00a0<\/span><\/p>\n

These transactions are believed to occur as a result of Ripple\u2019s strategic partnership with the crypto exchange, with the latter using the <\/span>crypto firm\u2019s payment services<\/span><\/a>. Meanwhile, the nature of the second transaction also allays fears of an impending sell-off. This is because the tokens were sent from the MEXC to an unknown wallet and not the other way around.\u00a0<\/span><\/p>\n

As such, it is more likely to be a whale who is moving their XRP holdings to cold storage. This is more plausible, considering that these whales may soon see huge gains based on recent price predictions.\u00a0<\/span><\/p>\n

\"XRP<\/p>\n

Token price trailing $0.56 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Why Price Could Rise To Over A Dollar Soon<\/h2>\n
Crypto analyst Ali Martinez<\/span><\/a> recently offered a <\/span>bullish narrative for the token’s price<\/span><\/a>. He noted how the governing pattern behind the crypto token\u2019s price action since June 2022 looks to be an ascending parallel channel. If this pattern continues, XRP could rise to between $0.80 and $1.10, the analyst hinted. Those price levels are the channel\u2019s middle and upper boundaries.\u00a0<\/span><\/p>\n
Related Reading: Global Mega Bank Standard Chartered Releases Bullish Forecast For Spot Bitcoin ETFs<\/a><\/div>\n
In a subsequent <\/span>X post<\/span><\/a>, the analyst also suggested that now <\/span>may be a good time<\/span><\/a> for those looking to get in on the token. He stated that the weighted <\/span>market sentiment for XRP<\/span><\/a> had dipped to its lowest negative point since mid-May 2023. Moments like this can \u201cpresent unique opportunities in the market,\u201d Martinez claims.\u00a0\u00a0<\/span><\/p>\n
At the time of writing, XRP is trading at around $0.56, down over 1% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
Featured image from VOI, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
XRP Whales are causing a stir in the XRP community as holders speculate on what could be the reason for their latest moves. On-chain data shows that these whales have moved a significant portion of their holdings in the last 24 hours.\u00a0\u00a0 Over 63 Million XRP Tokens Moved Data from Whale Alert shows that two significant XRP transactions have occurred recently. The first was a transfer of 26,400,000 XRP from an unknown wallet to the crypto exchange Bitstamp. The second was a transfer of 36,964,930 XRP from the crypto exchange MEXC to an unknown wallet.\u00a0 It is normal for transactions of such magnitude to raise eyebrows, considering the impact that they could have on XRP\u2019s price. Specifically, such transfers to centralized exchanges usually suggest that the whale could be looking to dump the crypto tokens on retail investors. If so, that could potentially lead to a significant decline in the altcoin’s price.\u00a0 Related Reading: VanEck Announces Massive $72 Million Bitcoin ETF Seeding As Two Tickers Appear On DTCC Website In this case, it is, however, worth mentioning that the first transaction in question happens to be a recurrent one, as huge sums of XRP tokens have been reported on a couple of occasions to have moved from that same wallet to Bitstamp.\u00a0 These transactions are believed to occur as a result of Ripple\u2019s strategic partnership with the crypto exchange, with the latter using the crypto firm\u2019s payment services. Meanwhile, the nature of the second transaction also allays fears of an impending sell-off. This is because the tokens were sent from the MEXC to an unknown wallet and not the other way around.\u00a0 As such, it is more likely to be a whale who is moving their XRP holdings to cold storage. This is more plausible, considering that these whales may soon see huge gains based on recent price predictions.\u00a0 Token price trailing $0.56 | Source: XRPUSD on Tradingview.com Why Price Could Rise To Over A Dollar Soon Crypto analyst Ali Martinez recently offered a bullish narrative for the token’s price. He noted how the governing pattern behind the crypto token\u2019s price action since June 2022 looks to be an ascending parallel channel. If this pattern continues, XRP could rise to between $0.80 and $1.10, the analyst hinted. Those price levels are the channel\u2019s middle and upper boundaries.\u00a0 Related Reading: Global Mega Bank Standard Chartered Releases Bullish Forecast For Spot Bitcoin ETFs In a subsequent X post, the analyst also suggested that now may be a good time for those looking to get in on the token. He stated that the weighted market sentiment for XRP had dipped to its lowest negative point since mid-May 2023. Moments like this can \u201cpresent unique opportunities in the market,\u201d Martinez claims.\u00a0\u00a0 At the time of writing, XRP is trading at around $0.56, down over 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image from VOI, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":568902,"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":[3680,17209,14896,89615,4531,83637,13172,89506,87391,86043,10972,78763],"class_list":["post-568883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-news","tag-whale","tag-whale-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-performance","tag-xrp-whale","tag-xrp-whales","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP 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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 Whales Make Big Moves Amid Market Volatility","url":"http:\/\/uniquehot.com\/news\/ripple\/xrp-whales-make-big-moves\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/xrp-whales-make-big-moves\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/01\/XRP-price.jpg?fit=1200%2C675"},"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":["ripple","ripple news","whale","whale news","xrp","xrp news","xrp price","xrp price performance","xrp whale","xrp whales","xrpusd","xrpusdt"],"dateCreated":"2024-01-10T23:00:36Z","datePublished":"2024-01-10T23:00:36Z","dateModified":"2024-06-11T10:36:24Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Whales Make Big Moves Amid Market Volatility\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-whales-make-big-moves\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-whales-make-big-moves\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/XRP-price.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/XRP-price.jpg?fit=1200%2C675\"},\"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\":[\"ripple\",\"ripple news\",\"whale\",\"whale news\",\"xrp\",\"xrp news\",\"xrp price\",\"xrp price performance\",\"xrp whale\",\"xrp whales\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-01-10T23:00:36Z\",\"datePublished\":\"2024-01-10T23:00:36Z\",\"dateModified\":\"2024-06-11T10:36:24Z\"}<\/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\/2024\/01\/XRP-price.jpg?fit=1200%2C675","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/568883"}],"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=568883"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/568883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/568902"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=568883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=568883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=568883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}