Millions

Coin

<ul class="news-points"> 
 <li>Millions of XRP have been sent into exchanges, suggesting a price decline for the token.</li> 
 <li>Analysts believe that these whales’ transfers cannot suppress the XRP price action.</li> 
 <li>Should accumulation increase, XRP’s first target may be $0.70.</li> 
</ul> 
<a href="https://coinedition.com/analyst-sees-xrp-climbing-to-above-0-7-as-bullish-trend-emerges/">Ripple (XRP)</a> tokens worth $13.32 million have been transferred from an unknown wallet to the Bitstamp exchange, Whale Alert <a href="https://twitter.com/whale_alert/status/1737328106619256961" target="_blank" rel="nofollow">posted</a> on X. The transaction which occurred on December 20 came at a time when XRP was trading at $0.61. 
However, the transaction was only one of many large transfers involving XRP. On December 18, a <a href="https://twitter.com/whale_alert/status/1736855415491592496" target="_blank" rel="nofollow">similar</a> transaction took place, involving 26.20 million XRP, and like the recent one, the destination of those tokens was BitStamp. 
<h2 class="wp-block-heading" id="h-impending-sell-offs-can-t-stop-xrp">Impending Sell-Offs Can’t Stop XRP</h2> 
These movements have brought speculation to the crypto market that XRP may drop below $0.60. This is largely because the transactions indicate a potential sell-off while XRP risks a price decline as a result.&nbsp; 
Despite the possibility, some analysts think that it is a good time to buy XRP before the price pumps. One of those analysts is pseudonymous trader CryptoRedQueen who used several indicators to conclude that buying XRP at $0.…
The post <a href="https://coinedition.com/xrp-to-defy-imminent-sell-offs-and-hit-1-here-are-the-prospects/">XRP to Defy Imminent Sell-Offs and Hit $1? Here Are the Prospects</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP to Defy Imminent Sell-Offs and Hit $1? Here Are the Prospects

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