Million

A recent transaction by an <a href="https://bitcoinist.com/top-10-xrp-wallets-11-supply/" rel="nofollow">XRP whale</a> is currently threatening XRP’s price recovery. This particular address is known to have moved all their XRP holdings worth millions of dollars, a move that the <a href="https://bitcoinist.com/ripple-cto-burn-xrp-holdings/" rel="nofollow">XRP community</a> fears could cause <a href="https://bitcoinist.com/ripples-80-million-xrp-shift-triggers-speculation/" rel="nofollow">a downturn</a> in the token’s price.&nbsp; 
<h2 id="whale-moves-over-443-million-xrp">Whale Moves Over 443 Million XRP</h2> 
Data from blockchain tracker Whale Alert shows that an unknown address linked to crypto Bitvavo sent 443,112,410 XRP to another unknown address that is linked to Bitvavo. Interestingly, <a href="https://xrpscan.com/account/rudsb71WuLFKvrLQ2AEnUTe8uDVqTVYdG" rel="nofollow">data</a> from the XRP Scan shows that the receiving address was just activated prior to when the transaction occurred.&nbsp; 
While the reason for this recent transaction remains unclear, such moves are always known to stir the crypto community as they raise speculations of a sell-off or an impending one. Dumping XRP tokens of such magnitude will no doubt have an impact on <a href="https://www.newsbtc.com/analysis/xrp/crypto-4400-xrp-price-27/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.">XRP’s price</a> and could cause the token to decline further.&nbsp; 
Whale transactions involving XRP seem to have become a common trend, with Bitcoinist and NewsBTC <a href="https://bitcoinist.com/xrp-whales-220-million-price/" rel="nofollow">reporting</a> on several occasions how a significant amount of the token has been moved from one address to another. Last week, over <a href="https://www.newsbtc.com/analysis/xrp/xrp-whales-make-big-moves/#:~:text=XRP%20Whales%20are%20causing%20a,in%20the%20last%2024%20hours.">63 million XRP tokens were moved</a> in two different transactions between crypto exchanges and unknown wallets.&nbsp; 
Meanwhile, it is worth mentioning that the address that received the 443 million XRP is yet to make any move, as <a href="https://bithomp.com/explorer/rudsb71WuLFKvrLQ2AEnUTe8uDVqTVYdG" rel="nofollow">on-chain data</a> shows that there haven’t been any outflows or inflows since then. That should calm fears about any impending selloff, as the move might have been made as a security measure to secure the funds.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/bKRvQMx3/" alt="XRP price chart from Tradingview.com" width="3266" height="1530"> 
<h2 id="all-is-well-that-ends-well-for-xrp-price">All Is Well That Ends Well For XRP Price</h2> 
XRP holders have <a href="https://bitcoinist.com/xrp-price-action-legal-expert/" rel="nofollow">continued to worry</a> about XRP’s stagnant price action, with the token failing to make a significant price move up since losing its gains from <a href="https://bitcoinist.com/ripple-judge-deems-xrp-sale-non-investment-contract/" rel="nofollow">Judge Anlaisa Torres’ ruling</a>. However, going by <a href="https://bitcoinist.com/parabolic-breakout-xrp-price/" rel="nofollow">Crypto Rover’s prediction</a>, these concerns may soon be a thing of the past as XRP is expected to make a parabolic move in the “upcoming 8 weeks.” 
<a href="https://bitcoinist.com/39000-xrp-price-to-hit-220/" rel="nofollow">Crypto analyst Egrag Crypto</a> has also continued to urge the XRP community to focus on the bigger picture rather than worrying about <a href="https://bitcoinist.com/xrp-price-action-legal-expert/" rel="nofollow">XRP’s current price level</a>. This big picture includes his prediction that XRP could rise to <a href="https://www.newsbtc.com/analysis/xrp/crypto-4400-xrp-price-27/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.">as high as $27</a> in the next bull run. If these predictions somehow manage to materialize, then there’s definitely a happy ending for XRP holders.&nbsp; 
Therefore, XRP’s tepid price looks like a small price to pay for the good things that possibly lie ahead for those who hold steadfast to their conviction that XRP will witness a parabolic move at some point.&nbsp; 
At the time of writing, XRP is trading at around $0.56, down in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/xrp/" rel="nofollow">data</a> from CoinMarketCap.&nbsp;

$245 Million Whale Wakes Up To Threaten XRP Price Recovery

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