Million

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Crypto data tracker <a href="https://twitter.com/whale_alert/status/1703054497684070441" rel="noopener noreferrer nofollow">Whale Alert</a> reports a substantial amount of XRP being moved in the last 24 hours. The move that drew attention was made to a Ripple wallet. 
According to Whale Alert, 100 million XRP worth $49,977,350 were transferred from an unknown wallet to Ripple. 
<blockquote> 
 🚨 🚨 100,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (49,977,350 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a><a href="https://t.co/NzPgkKiviq" rel="noopener noreferrer nofollow">https://t.co/NzPgkKiviq</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1703054497684070441?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 16, 2023</a> 
</blockquote> 
While the rationale behind the move remains unknown, it might be a wallet reshuffle. Since the move was done from an unknown wallet to a named wallet, this might be the case. Another speculation might be an OTC trade that happens outside a traditional crypto exchange setting. 
XRP, the fifth-largest cryptocurrency by market cap, is utilized by Ripple to move money across borders. Ripple's ODL is a cross-border payment solution that leverages the XRP cryptocurrency as a bridge asset. 
As <a href="https://u.today/ripple-sensationally-rebrands-odl-service-details" rel="noopener noreferrer nofollow">reported</a>, Ripple's Vice President Emi Yoshikawa clarified the decision to "consolidate" ODL services under the moniker "Ripple Payments," adding that ODL may be difficult for outsiders to understand at first glance. 
<h2 id="xrp-targets-next-major-move">XRP targets next major move</h2> 
At the time of writing, XRP was marginally down in the last 24 hours to $0.497. 
Largely, the XRP price fluctuated between $0.436 and $0.558 in recent weeks. After four days of positive price action, the XRP price recovered to a high of $0.508 on Sept. 15. On the upside, the daily MA 200 barrier at $0.517 remains a key level to watch going forward in the short term. 
If buyers push the price above the MA 200, it might imply that selling pressure is easing. This might spark a strong rally targeting the overhead barrier of $0.56. This level may once again pose a stumbling obstacle. 
If the price falls below $0.56, it might suggest that range-bound price activity may continue for a little longer. The next major move might commence in either of these scenarios: if the XRP price sustains above $0.56 or if there is a drop in the XRP price below $0.41.

100 Million XRP Moved to Ripple as Price Readies New Move

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