{"id":570122,"date":"2024-01-18T20:00:52","date_gmt":"2024-01-18T20:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=570122"},"modified":"2024-06-11T11:08:59","modified_gmt":"2024-06-11T11:08:59","slug":"245-million-whale-xrp-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/245-million-whale-xrp-price\/","title":{"rendered":"$245 Million Whale Wakes Up To Threaten XRP Price Recovery"},"content":{"rendered":"<p><span style=\"font-weight: 400\">A recent transaction by an <\/span><a href=\"https:\/\/bitcoinist.com\/top-10-xrp-wallets-11-supply\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP whale<\/span><\/a><span style=\"font-weight: 400\"> is currently threatening XRP\u2019s price recovery. This particular address is known to have moved all their XRP holdings worth millions of dollars, a move that the <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-cto-burn-xrp-holdings\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP community<\/span><\/a><span style=\"font-weight: 400\"> fears could cause <\/span><a href=\"https:\/\/bitcoinist.com\/ripples-80-million-xrp-shift-triggers-speculation\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">a downturn<\/span><\/a><span style=\"font-weight: 400\"> in the token\u2019s price.\u00a0<\/span><\/p>\n<h2>Whale Moves Over 443 Million XRP<\/h2>\n<p><span style=\"font-weight: 400\">Data from blockchain tracker Whale Alert shows that an unknown address linked to crypto Bitvavo sent 443,112,410 XRP to another unknown address that is linked to Bitvavo. Interestingly, <\/span><a href=\"https:\/\/xrpscan.com\/account\/rudsb71WuLFKvrLQ2AEnUTe8uDVqTVYdG\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from the XRP Scan shows that the receiving address was just activated prior to when the transaction occurred.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/predictions-eth-price-ethereum\/\">Here Are The Most Bullish Predictions For ETH Price As Ethereum Dominance Rises Against Bitcoin<\/a><\/div>\n<p><span style=\"font-weight: 400\">While the reason for this recent transaction remains unclear, such moves are always known to stir the crypto community as they raise speculations of a sell-off or an impending one. Dumping XRP tokens of such magnitude will no doubt have an impact on <\/span><a href=\"https:\/\/wncen.com\/analysis\/xrp\/crypto-4400-xrp-price-27\/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.\"><span style=\"font-weight: 400\">XRP\u2019s price<\/span><\/a><span style=\"font-weight: 400\"> and could cause the token to decline further.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Whale transactions involving XRP seem to have become a common trend, with Bitcoinist and NewsBTC <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-whales-220-million-price\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">reporting<\/span><\/a><span style=\"font-weight: 400\"> on several occasions how a significant amount of the token has been moved from one address to another. Last week, over <\/span><a href=\"https:\/\/wncen.com\/analysis\/xrp\/xrp-whales-make-big-moves\/#:~:text=XRP%20Whales%20are%20causing%20a,in%20the%20last%2024%20hours.\"><span style=\"font-weight: 400\">63 million XRP tokens were moved<\/span><\/a><span style=\"font-weight: 400\"> in two different transactions between crypto exchanges and unknown wallets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, it is worth mentioning that the address that received the 443 million XRP is yet to make any move, as <\/span><a href=\"https:\/\/bithomp.com\/explorer\/rudsb71WuLFKvrLQ2AEnUTe8uDVqTVYdG\" rel=\"nofollow\"><span style=\"font-weight: 400\">on-chain data<\/span><\/a><span style=\"font-weight: 400\"> shows that there haven\u2019t been any outflows or inflows since then. That should calm fears about any impending selloff, as the move might have been made as a security measure to secure the funds.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/bKRvQMx3\/\" alt=\"XRP price chart from Tradingview.com\" width=\"3266\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">Token price struggles at $0.56 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD on Tradingview.com<\/a><\/pre>\n<h2>All Is Well That Ends Well For XRP Price<\/h2>\n<p><span style=\"font-weight: 400\">XRP holders have <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-action-legal-expert\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">continued to worry<\/span><\/a><span style=\"font-weight: 400\"> about XRP\u2019s stagnant price action, with the token failing to make a significant price move up since losing its gains from <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-judge-deems-xrp-sale-non-investment-contract\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Judge Anlaisa Torres\u2019 ruling<\/span><\/a><span style=\"font-weight: 400\">. However, going by <\/span><a href=\"https:\/\/bitcoinist.com\/parabolic-breakout-xrp-price\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto Rover\u2019s prediction<\/span><\/a><span style=\"font-weight: 400\">, these concerns may soon be a thing of the past as XRP is expected to make a parabolic move in the \u201cupcoming 8 weeks.\u201d<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/defi\/sui-overtakes-bitcoin-aptos-defi\/\">SUI Overtakes Bitcoin, Aptos To Become 13th-Largest DeFi Network<\/a><\/div>\n<p><a href=\"https:\/\/bitcoinist.com\/39000-xrp-price-to-hit-220\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst Egrag Crypto<\/span><\/a><span style=\"font-weight: 400\"> has also continued to urge the XRP community to focus on the bigger picture rather than worrying about <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-action-legal-expert\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP\u2019s current price level<\/span><\/a><span style=\"font-weight: 400\">. This big picture includes his prediction that XRP could rise to <\/span><a href=\"https:\/\/wncen.com\/analysis\/xrp\/crypto-4400-xrp-price-27\/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.\"><span style=\"font-weight: 400\">as high as $27<\/span><\/a><span style=\"font-weight: 400\"> in the next bull run. If these predictions somehow manage to materialize, then there\u2019s definitely a happy ending for XRP holders.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Therefore, XRP\u2019s tepid price looks like a small price to pay for the good things that possibly lie ahead for those who hold steadfast to their conviction that XRP will witness a parabolic move at some point.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, XRP is trading at around $0.56, down in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Forbes, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A recent transaction by an XRP whale is currently threatening XRP\u2019s price recovery. This particular address is known to have moved all their XRP holdings worth millions of dollars, a move that the XRP community fears could cause a downturn in the token\u2019s price.\u00a0 Whale Moves Over 443 Million XRP Data from blockchain tracker Whale Alert shows that an unknown address linked to crypto Bitvavo sent 443,112,410 XRP to another unknown address that is linked to Bitvavo. Interestingly, data from the XRP Scan shows that the receiving address was just activated prior to when the transaction occurred.\u00a0 Related Reading: Here Are The Most Bullish Predictions For ETH Price As Ethereum Dominance Rises Against Bitcoin While the reason for this recent transaction remains unclear, such moves are always known to stir the crypto community as they raise speculations of a sell-off or an impending one. Dumping XRP tokens of such magnitude will no doubt have an impact on XRP\u2019s price and could cause the token to decline further.\u00a0 Whale transactions involving XRP seem to have become a common trend, with Bitcoinist and NewsBTC reporting on several occasions how a significant amount of the token has been moved from one address to another. Last week, over 63 million XRP tokens were moved in two different transactions between crypto exchanges and unknown wallets.\u00a0 Meanwhile, it is worth mentioning that the address that received the 443 million XRP is yet to make any move, as on-chain data shows that there haven\u2019t been any outflows or inflows since then. That should calm fears about any impending selloff, as the move might have been made as a security measure to secure the funds.\u00a0 Token price struggles at $0.56 | Source: XRPUSD on Tradingview.com All Is Well That Ends Well For XRP Price XRP holders have continued to worry about XRP\u2019s stagnant price action, with the token failing to make a significant price move up since losing its gains from Judge Anlaisa Torres\u2019 ruling. However, going by Crypto Rover\u2019s prediction, these concerns may soon be a thing of the past as XRP is expected to make a parabolic move in the \u201cupcoming 8 weeks.\u201d Related Reading: SUI Overtakes Bitcoin, Aptos To Become 13th-Largest DeFi Network Crypto analyst Egrag Crypto has also continued to urge the XRP community to focus on the bigger picture rather than worrying about XRP\u2019s current price level. This big picture includes his prediction that XRP could rise to as high as $27 in the next bull run. If these predictions somehow manage to materialize, then there\u2019s definitely a happy ending for XRP holders.\u00a0 Therefore, XRP\u2019s tepid price looks like a small price to pay for the good things that possibly lie ahead for those who hold steadfast to their conviction that XRP will witness a parabolic move at some point.\u00a0 At the time of writing, XRP is trading at around $0.56, down in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image from Forbes, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":570145,"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":[6664,14690,3680,17209,14896,89615,4531,83637,13172,16289,87391,10972,78763],"class_list":["post-570122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-crypto-news","tag-ripple","tag-ripple-news","tag-whale","tag-whale-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrp-whale","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>$245 Million Whale Wakes Up To Threaten XRP Price Recovery<\/title>\n<meta name=\"description\" content=\"A recent transaction by an XRP whale is currently threatening XRP\u2019s price recovery as they have moved their massive holdings.\" \/>\n<meta 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. 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. 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