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 <p>According to Whale Alert, an XRP whale has moved 410 million tokens worth a whopping $201 million from the crypto exchange Bitvavo to a new wallet. As per the data, the wallet is brand new. Hence, we may be looking at a new whale, or an entity buying more tokens. The move follows a massive selloff in the crypto market after fake reports of the SEC (Securities and Exchange Commission) approving BlackRock’s spot Bitcoin ETF (Exchange-Traded Fund) application made rounds online.</p>
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    <p lang="en" dir="ltr">🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 409,776,402 #XRP (201,627,816 USD) transferred from #Bitvavo to unknown new wallethttps://t.co/j0ho6BYxce</p>— Whale Alert (@whale_alert) October 17, 2023
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 <p><strong>Also Read: Forbes Predicts Bitcoin, XRP to Gain $8 Trillion Amid USD Collapse</strong></p>
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 <p>Furthermore, the movement of tokens from an exchange to a wallet has given some relief to XRP holders. The movement of assets away from exchanges reduces the probability of them being sold.</p>
 <p>Nonetheless, the XRP Whale’s move did not have a positive impact on the token’s price. XRP is down by 0.7% in the daily charts and by 1.7% over the last week.</p>
 <h3 class="wp-block-heading" id="h-will-xrp-rally-anytime-soon">Will XRP rally anytime soon?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="682" src="https://cdn.thebittimes.com/images/2023/10/18/3513f752474cdb287a43940e73fb9e1a.webp" alt="XRP" class="wp-image-110319" srcset="https://cdn.thebittimes.com/images/2023/10/18/3513f752474cdb287a43940e73fb9e1a.webp 1024w, https://cdn.thebittimes.com/images/2023/10/18/3513f752474cdb287a43940e73fb9e1a.webp 300w, https://cdn.thebittimes.com/images/2023/10/18/3513f752474cdb287a43940e73fb9e1a.webp 768w, https://cdn.thebittimes.com/images/2023/10/18/3513f752474cdb287a43940e73fb9e1a.webp 380w, https://cdn.thebittimes.com/images/2023/10/18/3513f752474cdb287a43940e73fb9e1a.webp 550w, https://cdn.thebittimes.com/images/2023/10/18/3513f752474cdb287a43940e73fb9e1a.webp 800w, https://cdn.thebittimes.com/images/2023/10/18/3513f752474cdb287a43940e73fb9e1a.webp 1160w, https://cdn.thebittimes.com/images/2023/10/18/3513f752474cdb287a43940e73fb9e1a.webp 1201w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – FX Empire
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 <p>Since the beginning of the year, XRP is up by almost 44.12%. This is better than Ethereum’s (ETH) almost 35% but falls short of Bitcoin’s (BTC) almost 60% growth in the same time frame. Moreover, Solana’s (SOL) performance since January completely eclipses that of all three with almost 120% gains.</p>
 <p>Nonetheless, many anticipate XRP to gain momentum in the fourth quarter of 2024. According to Sistine Research, the token has the potential to reach a price of $1.5. This represents a growth of almost 200% from current price levels. However, the research firm highlights that the token could fall to a low of about $0.40 before making any positive strides.</p>
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    <p lang="en" dir="ltr">$XRP is one of the few bullish charts in crypto right now. pic.twitter.com/HrJ0oT9u2d</p>— Sistine Research (@sistineresearch) October 15, 2023
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 <p><strong>Also Read: Ripple vs. SEC: Lawyer’s Predictions Point to a Potential 2027 Resolution</strong></p>
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 <p>XRP saw a surge earlier this year due to Ripple’s partial victory in the SEC vs. Ripple lawsuit. In its verdict, a U.S. court ruled that the token was not a security when sold to retail investors. However, the court did say that the way Ripple sold the token to institutions did fall under the definition of a security.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-xrp-whale-moves-200-million-in-tokens-to-new-wallet-tbt66769.html">https://thebittimes.com/ripple-xrp-whale-moves-200-million-in-tokens-to-new-wallet-tbt66769.html</a></p>

Ripple: XRP Whale Moves $200 Million In Tokens to New Wallet

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