This Movement of XRP Whales Led to Speculation: These Levels are the Target!

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Ripple’s XRP The coin has staged an impressive recovery despite facing significant selling by whales in the last 24 hours. While the cryptocurrency market has witnessed a rise in optimism, XRP’s resilience amid whale activity has led to speculations about its potential to reach $1 soon.

Total XRP Sales of 82.6 Million

Whale Alert, a blockchain tracking platform, has noted the significant movement of XRP tokens in the market by marking three significant sell transactions in the last few days. explained. These transactions collectively involved 82.67 million XRP, sparking controversy among investors and analysts.

The first transaction involved a prominent transfer of 25,400,000 XRP, equivalent to approximately $15,251,433, from an unknown wallet. cryptocurrency It involved transferring it to Bitso, the stock exchange.

Similarly, another 24,400,000 XRP worth approximately $14,637,203 were transferred to Bitstamp from an undisclosed wallet. It was noted that both of these transactions were sent from the same address identified as r4wf…Rzn.”

In addition to these transfers, a significant amount of 32,877,443 XRP, approximately $19,253,957, was moved from another unidentified wallet to Bithumb, another leading cryptocurrency exchange.

Market Response

While the exact reasons behind these significant sell-offs remain unclear, their occurrence has attracted attention in the cryptocurrency community.

Meanwhile, analysts and investors are eagerly observing the impact of these transactions on XRP’s price movement and market sentiment in the coming days.

XRP Targets $1

As of now, XRP has reached $0.5848, recording a price increase of 3.86% in the last 24 hours. However, well-known analyst Tylie Eric predicted a rapid jump to $1, while another prominent researcher, Changelly, predicted a more conservative price increase for XRP, targeting $0.75 in April. Long-term views vary widely, with some predicting targets as high as $27.

Meanwhile, Coinglass data showed an 8.3% increase in open interest and a 90.1% increase in derivatives volume, indicating increased trading activity and money flowing into the market.


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