{"id":605827,"date":"2024-04-30T12:00:03","date_gmt":"2024-04-30T12:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=605827"},"modified":"2024-07-12T05:25:38","modified_gmt":"2024-07-12T05:25:38","slug":"xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/","title":{"rendered":"XRP Price On Watch: Can This 23 Million Token Purchase Spark A Rally?"},"content":{"rendered":"<p><span id=\"input-sentence~0\">The market for cryptocurrencies is still negotiating a phase of slow down. Still, a recent whale activity gives XRP, the native coin of Ripple some hope. Commonly known as a whale, a major investor bought a large 23 million XRP on Tuesday, which piqued fresh interest in the <a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" rel=\"nofollow\">underprivileged coin<\/a>.<\/span><span id=\"input-sentence~1\"><br \/>\n<\/span><\/p>\n<p>&nbsp;<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-fees-dive-will-this-spark-a-surge-in-network-activity\/\" target=\"_blank\" rel=\"noopener \">Ethereum Fees Dive: Will This Spark A Surge In Network Activity?<\/a><\/div>\n<h2 data-sourcepos=\"5:1-5:45\"><strong>Whale Movement: A Sign Of Shifting Tides?<\/strong><\/h2>\n<p data-sourcepos=\"7:1-7:320\"><span id=\"input-sentence~1\">Whale Alert, a system monitoring significant bitcoin transactions, found the buy. The tokens came from a Binance exchange wallet; the receiver address is yet unknown.<\/span><span id=\"input-sentence~2\"> Still, the fact that the recipient used Binance points to possible future trading activity.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"9:1-9:343\"><span id=\"input-sentence~2\">Some analysts consider this whale movement as XRP&#8217;s possible turning moment. Large-scale whale purchases historically have sometimes preceded price spikes. Some analysts, meanwhile, warn against over interpreting things.<\/span><span id=\"input-sentence~3\"> There are other reasons why whales are active, hence one purchase does not ensure a continuous increasing trend for XRP.<br \/>\n<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udea8 23,037,429 <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#XRP<\/a> (11,550,284 USD) transferred from <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Binance<\/a> to unknown wallet<a href=\"https:\/\/t.co\/K00G3Ry7ab\" rel=\"nofollow\">https:\/\/t.co\/K00G3Ry7ab<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/02158956?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 29, 2024<\/a><\/p><\/blockquote>\n<h2 data-sourcepos=\"11:1-11:33\"><strong>Open Interest: A Mixed Signal<\/strong><\/h2>\n<p data-sourcepos=\"13:1-13:377\"><span id=\"input-sentence~3\">The latest drop in XRP Open Interest (OI) adds still another level of complication.<\/span><span id=\"input-sentence~4\"> Data from Coinalyze shows that XRP OI dropped 2.12% throughout the previous 24 hours. For a certain cryptocurrency, Open Interest shows the whole value of exceptional futures contracts. A decline implies a possible drop in leveraged positions, thereby indicating short-term selling pressure.<\/span><span id=\"input-sentence~5\"><br \/>\n<\/span><\/p>\n<p data-sourcepos=\"15:1-15:270\">Still, analysts note that the constant contracts\u2014which account for most XRP OI\u2014have great weight at over $374 million. A fresh purchasing frenzy could cause the Open Interest trend to reverse, thereby maybe driving the price higher.<\/p>\n<p data-sourcepos=\"15:1-15:270\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/w7bYvBY2\/\" width=\"1835\" height=\"883\"><\/p>\n<pre style=\"text-align: center\" data-sourcepos=\"17:1-17:43\">Total crypto market cap currently at $2.19 trillion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<h3 data-sourcepos=\"17:1-17:43\"><strong>The Lingering Shadow Of The SEC Lawsuit<\/strong><\/h3>\n<p data-sourcepos=\"19:1-19:267\"><span id=\"input-sentence~6\">Talking about XRP&#8217;s future cannot ignore the continuous <a href=\"https:\/\/www.fxempire.com\/forecasts\/article\/xrp-news-today-legal-battle-intensifies-as-sec-counters-ripples-motion-to-strike-1427098\" rel=\"nofollow\">legal struggle<\/a> with the US Securities and Exchange Commission (SEC). The lawsuit, claiming XRP is an unregistered security, has surely clouded the performance of the coin.<\/span><span id=\"input-sentence~7\"><br \/>\n<\/span><\/p>\n<p data-sourcepos=\"21:1-21:223\">Investors are nonetheless wary even if the lawsuit&#8217;s latest &#8220;remedies phase&#8221; suggests a possible settlement. The ultimate result and its chronology remain unknown, therefore casting a veil of uncertainty around XRP&#8217;s legal standing.<\/p>\n<h3 data-sourcepos=\"23:1-23:45\"><strong>XRP Price Outlook: A Glimmer Of Optimism?<\/strong><\/h3>\n<p data-sourcepos=\"25:1-25:170\">XRP is selling at about $0.50 right now, a big decline from its all-time high of more $3. The pricing captures the continuous legal struggle as well as the general market downturn.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/usdc-beats-usdt-in-transaction-volume-by-over-400-details\/\" target=\"_blank\" rel=\"noopener \">USDC Beats USDT In Transaction Volume By Over 400% \u2013 Details<\/a><\/div>\n<p data-sourcepos=\"27:1-27:298\">For XRP enthusiasts, the recent whale buy combined with continuous SEC lawsuit negotiations gives some hope. Still, a continuous price rise depends on various elements. XRP needs a favorable outcome on the lawsuit and a wider market recovery if it is to recover ground lost.<\/p>\n<p data-sourcepos=\"27:1-27:298\"><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market for cryptocurrencies is still negotiating a phase of slow down. Still, a recent whale activity gives XRP, the native coin of Ripple some hope. Commonly known as a whale, a major investor bought a large 23 million XRP on Tuesday, which piqued fresh interest in the underprivileged coin. &nbsp; Related Reading: Ethereum Fees Dive: Will This Spark A Surge In Network Activity? Whale Movement: A Sign Of Shifting Tides? Whale Alert, a system monitoring significant bitcoin transactions, found the buy. The tokens came from a Binance exchange wallet; the receiver address is yet unknown. Still, the fact that the recipient used Binance points to possible future trading activity. Some analysts consider this whale movement as XRP&#8217;s possible turning moment. Large-scale whale purchases historically have sometimes preceded price spikes. Some analysts, meanwhile, warn against over interpreting things. There are other reasons why whales are active, hence one purchase does not ensure a continuous increasing trend for XRP. \ud83d\udea8 23,037,429 #XRP (11,550,284 USD) transferred from #Binance to unknown wallethttps:\/\/t.co\/K00G3Ry7ab \u2014 Whale Alert (@whale_alert) April 29, 2024 Open Interest: A Mixed Signal The latest drop in XRP Open Interest (OI) adds still another level of complication. Data from Coinalyze shows that XRP OI dropped 2.12% throughout the previous 24 hours. For a certain cryptocurrency, Open Interest shows the whole value of exceptional futures contracts. A decline implies a possible drop in leveraged positions, thereby indicating short-term selling pressure. Still, analysts note that the constant contracts\u2014which account for most XRP OI\u2014have great weight at over $374 million. A fresh purchasing frenzy could cause the Open Interest trend to reverse, thereby maybe driving the price higher. Total crypto market cap currently at $2.19 trillion. Chart: TradingView The Lingering Shadow Of The SEC Lawsuit Talking about XRP&#8217;s future cannot ignore the continuous legal struggle with the US Securities and Exchange Commission (SEC). The lawsuit, claiming XRP is an unregistered security, has surely clouded the performance of the coin. Investors are nonetheless wary even if the lawsuit&#8217;s latest &#8220;remedies phase&#8221; suggests a possible settlement. The ultimate result and its chronology remain unknown, therefore casting a veil of uncertainty around XRP&#8217;s legal standing. XRP Price Outlook: A Glimmer Of Optimism? XRP is selling at about $0.50 right now, a big decline from its all-time high of more $3. The pricing captures the continuous legal struggle as well as the general market downturn. Related Reading: USDC Beats USDT In Transaction Volume By Over 400% \u2013 Details For XRP enthusiasts, the recent whale buy combined with continuous SEC lawsuit negotiations gives some hope. Still, a continuous price rise depends on various elements. XRP needs a favorable outcome on the lawsuit and a wider market recovery if it is to recover ground lost. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":605829,"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":[142,6664,3505,3680,4531],"class_list":["post-605827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-altcoins","tag-crypto","tag-price-analysis","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>XRP Can This 23 Million Token Purchase Spark A Rally?<\/title>\n<meta name=\"description\" content=\"The market for cryptocurrencies is still negotiating a phase of slow down. Still, a recent whale activity gives XRP, the native coin of Ripple some hope.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Can This 23 Million Token Purchase Spark A Rally?\" \/>\n<meta property=\"og:description\" content=\"The market for cryptocurrencies is still negotiating a phase of slow down. Still, a recent whale activity gives XRP, the native coin of Ripple some hope.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-30T12:00:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-12T05:25:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2121\" \/>\n\t<meta property=\"og:image:height\" content=\"1414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"XRP Price On Watch: Can This 23 Million Token Purchase Spark A Rally?\",\"datePublished\":\"2024-04-30T12:00:03+00:00\",\"dateModified\":\"2024-07-12T05:25:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/\"},\"wordCount\":462,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?fit=2121%2C1414\",\"keywords\":[\"altcoins\",\"crypto\",\"price analysis\",\"Ripple\",\"xrp\"],\"articleSection\":[\"Ripple\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/\",\"url\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/\",\"name\":\"XRP Can This 23 Million Token Purchase Spark A Rally?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?fit=2121%2C1414\",\"datePublished\":\"2024-04-30T12:00:03+00:00\",\"dateModified\":\"2024-07-12T05:25:38+00:00\",\"description\":\"The market for cryptocurrencies is still negotiating a phase of slow down. Still, a recent whale activity gives XRP, the native coin of Ripple some hope.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?fit=2121%2C1414\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?fit=2121%2C1414\",\"width\":2121,\"height\":1414,\"caption\":\"XRP\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"XRP Price On Watch: Can This 23 Million Token Purchase Spark A Rally?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/wncen.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"XRP Can This 23 Million Token Purchase Spark A Rally?","description":"The market for cryptocurrencies is still negotiating a phase of slow down. Still, a recent whale activity gives XRP, the native coin of Ripple some hope.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/","og_locale":"en_US","og_type":"article","og_title":"XRP Can This 23 Million Token Purchase Spark A Rally?","og_description":"The market for cryptocurrencies is still negotiating a phase of slow down. Still, a recent whale activity gives XRP, the native coin of Ripple some hope.","og_url":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-04-30T12:00:03+00:00","article_modified_time":"2024-07-12T05:25:38+00:00","og_image":[{"width":2121,"height":1414,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg","type":"image\/jpeg"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/"},"author":{"name":"Christian Encila","@id":"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"XRP Price On Watch: Can This 23 Million Token Purchase Spark A Rally?","datePublished":"2024-04-30T12:00:03+00:00","dateModified":"2024-07-12T05:25:38+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/"},"wordCount":462,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?fit=2121%2C1414","keywords":["altcoins","crypto","price analysis","Ripple","xrp"],"articleSection":["Ripple"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/","url":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/","name":"XRP Can This 23 Million Token Purchase Spark A Rally?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?fit=2121%2C1414","datePublished":"2024-04-30T12:00:03+00:00","dateModified":"2024-07-12T05:25:38+00:00","description":"The market for cryptocurrencies is still negotiating a phase of slow down. Still, a recent whale activity gives XRP, the native coin of Ripple some hope.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?fit=2121%2C1414","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?fit=2121%2C1414","width":2121,"height":1414,"caption":"XRP"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"XRP Price On Watch: Can This 23 Million Token Purchase Spark A Rally?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price On Watch: Can This 23 Million Token Purchase Spark A Rally?","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?fit=2121%2C1414"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","price analysis","ripple","xrp"],"dateCreated":"2024-04-30T12:00:03Z","datePublished":"2024-04-30T12:00:03Z","dateModified":"2024-07-12T05:25:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price On Watch: Can This 23 Million Token Purchase Spark A Rally?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-on-watch-can-this-23-million-token-purchase-spark-a-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/a_df8abb.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/a_df8abb.jpg?fit=2121%2C1414\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"price analysis\",\"ripple\",\"xrp\"],\"dateCreated\":\"2024-04-30T12:00:03Z\",\"datePublished\":\"2024-04-30T12:00:03Z\",\"dateModified\":\"2024-07-12T05:25:38Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_df8abb.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/605827"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=605827"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/605827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/605829"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=605827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=605827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=605827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}