{"id":568227,"date":"2024-01-05T12:00:51","date_gmt":"2024-01-05T12:00:51","guid":{"rendered":"https:\/\/wncen.com\/?p=568227"},"modified":"2024-06-11T14:44:04","modified_gmt":"2024-06-11T14:44:04","slug":"xrp-whale-makes-massive-transfer-amidst-price-volatility","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-whale-makes-massive-transfer-amidst-price-volatility\/","title":{"rendered":"XRP Whale Makes Massive Transfer Amidst Price Volatility"},"content":{"rendered":"

In light of recent developments in the crypto market, <\/span>XRP<\/span><\/a> has once again garnered the attention of investors and the community as the crypto asset has witnessed yet another massive whale activity.<\/span><\/p>\n

XRP Whales Moves Over 50 Million Token To CEXs<\/span><\/h2>\n

A recent report revealed that an <\/span>XRP whale<\/span><\/a> recently moved over 50 million tokens to cryptocurrency exchanges. On-chain data shows that the whale has been making this kind of transaction over the past few weeks.<\/span><\/p>\n

Related Reading: XRP Whales Show Exchange Inflow Activity, Bad Sign For Price?<\/a><\/div>\n

Interestingly, these whale transactions have created a whirlwind of speculation among worldwide crypto market enthusiasts after they surfaced during the token’s price decline.\u00a0 According to data from the on-chain tracker Whale Alert, the whale transferred 50.7 million tokens to centralized exchanges (CEX).<\/span><\/p>\n

Whale Alert has revealed that the aforementioned funds were transferred to CEXs in two separate transactions. The whale transactions occurred amidst the token’s downward movement raising speculation on its effect on XRP’s price.<\/span><\/p>\n

The on-chain tracker reported that the first transaction <\/span>saw<\/span><\/a> a whopping 26 million XRP tokens valued at approximately $15.22 million. Data shows that the unknown address identified as r4wf7enWPx…5XgwHh4Rzn moved the tokens to the Mexican-based crypto exchange <\/span>Bitso<\/span><\/a>.<\/span><\/p>\n

Meanwhile, the second transaction <\/span>moved<\/span><\/a> 24.7 million XRP tokens valued at about $14.68 as of the time the transfer was made. The same wallet address mentioned above had transferred the funds to another crypto exchange <\/span>Bitstamp<\/span><\/a>.<\/span><\/p>\n

It is noteworthy that the aforestated wallet address has been orchestrating this kind of transaction to the CEXs for a while now. Last week, Whale Alert <\/span>detected<\/span><\/a> the wallet address transferring over 48 million XRP tokens to Bitstamp and Bitso.<\/span><\/p>\n

In less than two weeks, the wallet address has moved over 138 million tokens to the cryptocurrency platforms. With the current price of the digital asset, this is valued at over $79 million.<\/span><\/p>\n

The Crypto Asset Poised For A Significant Upswing<\/span><\/h2>\n

On Wednesday, the entire crypto market experienced a <\/span>notable disruption<\/span><\/a> which saw XRP falling close to its October lows of $0.50. Despite the significant price drop, cryptocurrency analyst Egrag Crypto has expressed bullish sentiments about the crypto asset.<\/span><\/p>\n

Related Reading: Crypto Analyst Blasts $20,000 XRP Price Target, Reveals Why It\u2019s Impossible<\/a><\/div>\n

Egrag has recently <\/span>shared<\/span><\/a> bold predictions for the asset on the X (formerly Twitter) platform. The crypto analyst pointed out that the token’s price is currently getting ready for an upswing.<\/span><\/p>\n

\"XRP\"
XRP showing a slight retest level around $0.55 | Source: Egragcrypto on X<\/a><\/figcaption><\/figure>\n

He noted an August scenario where XRP reached the lower boundary of its channel during the 1 billion liquidation across crypto. “Now, after five months, it is going back to that zone with another aggressive 1 billion liquidation,” he stated.<\/span><\/p>\n

He highlighted that the asset’s bulls have been steadfast in “defending this channel,” not allowing anything to stop them from “buying into the dip.” He asserted that the bulls have maintained the price above the “Val Hell Line,” preventing a “daily candle” close below it.<\/span><\/p>\n

So far, Egrag has pointed out “a slight retest” around the $0.55 appears to be “pretty standard” market behavior.<\/span><\/p>\n

\"XRP\"
XRP trading at $0.577 on the 1D chart | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In light of recent developments in the crypto market, XRP has once again garnered the attention of investors and the community as the crypto asset has witnessed yet another massive whale activity. XRP Whales Moves Over 50 Million Token To CEXs A recent report revealed that an XRP whale recently moved over 50 million tokens to cryptocurrency exchanges. On-chain data shows that the whale has been making this kind of transaction over the past few weeks. Related Reading: XRP Whales Show Exchange Inflow Activity, Bad Sign For Price? Interestingly, these whale transactions have created a whirlwind of speculation among worldwide crypto market enthusiasts after they surfaced during the token’s price decline.\u00a0 According to data from the on-chain tracker Whale Alert, the whale transferred 50.7 million tokens to centralized exchanges (CEX). Whale Alert has revealed that the aforementioned funds were transferred to CEXs in two separate transactions. The whale transactions occurred amidst the token’s downward movement raising speculation on its effect on XRP’s price. The on-chain tracker reported that the first transaction saw a whopping 26 million XRP tokens valued at approximately $15.22 million. Data shows that the unknown address identified as r4wf7enWPx…5XgwHh4Rzn moved the tokens to the Mexican-based crypto exchange Bitso. Meanwhile, the second transaction moved 24.7 million XRP tokens valued at about $14.68 as of the time the transfer was made. The same wallet address mentioned above had transferred the funds to another crypto exchange Bitstamp. It is noteworthy that the aforestated wallet address has been orchestrating this kind of transaction to the CEXs for a while now. Last week, Whale Alert detected the wallet address transferring over 48 million XRP tokens to Bitstamp and Bitso. In less than two weeks, the wallet address has moved over 138 million tokens to the cryptocurrency platforms. With the current price of the digital asset, this is valued at over $79 million. The Crypto Asset Poised For A Significant Upswing On Wednesday, the entire crypto market experienced a notable disruption which saw XRP falling close to its October lows of $0.50. Despite the significant price drop, cryptocurrency analyst Egrag Crypto has expressed bullish sentiments about the crypto asset. Related Reading: Crypto Analyst Blasts $20,000 XRP Price Target, Reveals Why It\u2019s Impossible Egrag has recently shared bold predictions for the asset on the X (formerly Twitter) platform. The crypto analyst pointed out that the token’s price is currently getting ready for an upswing. He noted an August scenario where XRP reached the lower boundary of its channel during the 1 billion liquidation across crypto. “Now, after five months, it is going back to that zone with another aggressive 1 billion liquidation,” he stated. He highlighted that the asset’s bulls have been steadfast in “defending this channel,” not allowing anything to stop them from “buying into the dip.” He asserted that the bulls have maintained the price above the “Val Hell Line,” preventing a “daily candle” close below it. So far, Egrag has pointed out “a slight retest” around the $0.55 appears to be “pretty standard” market behavior. Featured image from Shutterstock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":568017,"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":[988,991,82545,89800,89746,91065,32968,4531,10972,78763],"class_list":["post-568227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-bitso","tag-bitstamp","tag-centralized-exchanges","tag-cexs","tag-egrag-crypto","tag-val-hell-line","tag-whale-alert","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Whale Makes Massive Transfer Amidst Price Volatility<\/title>\n<meta name=\"description\" content=\"XRP has once again garnered the attention of investors and the community as the crypto asset has witnessed yet another massive whale activity.\" \/>\n<meta name=\"robots\" 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Whale Makes Massive Transfer Amidst Price Volatility","url":"http:\/\/wncen.com\/news\/ripple\/xrp-whale-makes-massive-transfer-amidst-price-volatility\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-whale-makes-massive-transfer-amidst-price-volatility\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2095394119.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2095394119.jpg?fit=2800%2C1502"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitso","bitstamp","centralized exchanges","cexs","egrag crypto","val hell line","whale alert","xrp","xrpusd","xrpusdt"],"dateCreated":"2024-01-05T12:00:51Z","datePublished":"2024-01-05T12:00:51Z","dateModified":"2024-06-11T14:44:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Whale Makes Massive Transfer Amidst Price Volatility\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-whale-makes-massive-transfer-amidst-price-volatility\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-whale-makes-massive-transfer-amidst-price-volatility\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_2095394119.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_2095394119.jpg?fit=2800%2C1502\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitso\",\"bitstamp\",\"centralized exchanges\",\"cexs\",\"egrag crypto\",\"val hell line\",\"whale alert\",\"xrp\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-01-05T12:00:51Z\",\"datePublished\":\"2024-01-05T12:00:51Z\",\"dateModified\":\"2024-06-11T14:44:04Z\"}<\/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\/01\/shutterstock_2095394119.jpg?fit=2800%2C1502","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/568227","targetHints":{"allow":["GET"]}}],"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\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=568227"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/568227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/568017"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=568227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=568227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=568227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}