Pepe Coin

Millions

<img width="1920" height="1080" src="https://coingape.com/wp-content/uploads/2023/09/XRPL-2.jpg" class="attachment-full size-full wp-post-image" alt="XRP Whale" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/09/XRPL-2.jpg 1920w, https://coingape.com/wp-content/uploads/2023/09/XRPL-2-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2023/09/XRPL-2-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2023/09/XRPL-2-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2023/09/XRPL-2-1536x864.jpg 1536w, https://coingape.com/wp-content/uploads/2023/09/XRPL-2-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2023/09/XRPL-2-150x84.jpg 150w" sizes="(max-width: 1920px) 100vw, 1920px">
Despite the recent favorable advancements made by the Ripple community within the crypto universe, crypto market enthusiasts’ attention has been drawn to a massive whale transaction orbiting the XRP cryptocurrency. As of today, November 18, a whale transferred humongous amounts of XRP from a <a href="https://coingape.com/glossary/centralized-cryptocurrency-exchanges-cex/" target="_blank" rel="noopener">centralized exchange</a> to an unknown wallet. Following the whale movement, the XRP price witnessed a marginal plunge. 
Whale Alert, a platform monitoring whale transactions, revealed data showcasing the transfer and nabbed significant attention throughout the broader crypto markets, signaling a noteworthy shift in the XRP digital asset. 
<h2 id="xrp-whale-transfer-amid-positive-outlook">XRP Whale Transfer Amid Positive Outlook</h2> 
According to the <a rel="nofollow" href="https://whale-alert.io/transaction/ripple/C816330B58E6C8C69FF7C05149EEB4085FF65568127E1D5EACBFA4C1FFDFF267" target="_blank">data</a> disclosed by Whale Alert, an unknown address on Bitso, rLSn6Z3T8u…Fdn5CyGujK, transferred an astonishing 16.60 million XRP to an unknown wallet, rHBXf41ccu…9EtsJ5aLm1, today. As of writing, the XRP transferred by Bitso to the unknown wallet totals $10.08 million. 
The aforementioned transaction wherein tokens were taken out from Bitso and transferred to an unknown wallet portrays a decline in the supply, resulting in a positive shift in the demand and price of XRP. 
However, while writing, the XRP price proved market sentiments otherwise. Moreover, interestingly, a different perspective on this movement was offered by a crypto analyst, introducing intricacy to the understanding of these&nbsp;transactions. 
Offering a distinct perspective, Ali Martinez, a well-known <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> analyst, peculiarly viewed this development. Martinez emphasized the 18% decline in XRP within the last 10 days and highlighted the significant surge in whale transactions and assets, contrary to the prevailing situation. 
The analyst suggested that the heightened interest from major players might signal a potential rebound&nbsp;in&nbsp;XRP&nbsp;price. 
Also read: <a href="https://coingape.com/greg-brockman-and-sam-altman-shocked-on-openai-board-decision-shared-views/" target="_blank" rel="noopener">Greg Brockman And Sam Altman Shocked On OpenAI’s Board Decision, Shared Views</a> 
<h2 id="xrp-price-performance">XRP Price &amp; Performance</h2> 
At the time of writing, the <a href="https://coingape.com/price/xrp/" target="_blank" rel="noopener">XRP price</a> witnessed a marginal downfall of 3.62%, ending up at $0.5991. Furthermore, despite enormous whale activity orbiting the XRP token, the weekly price also witnessed a substantial decrease of 3.81%. 
However, during the past month, the price has increased by a whopping 22.41%, which seems to come as a result of Ripple’s partial legal victory against the US SEC. 
Also read: <a href="https://coingape.com/crypto-prices-today-pepe-coin-slips-with-btc-tia-rising/" target="_blank" rel="noopener">Crypto Prices Today: Pepe Coin Slips With BTC, TIA Rising</a> 
The post <a rel="nofollow" href="https://coingape.com/whale-moves-xrp-in-millions-as-analyst-predicts-upcoming-rebound/">Whale Moves XRP In Millions As Analyst Predicts Upcoming Rebound</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Whale Moves XRP In Millions As Analyst Predicts Upcoming Rebound

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