CRYPTO

<p>The post <a href="https://coinpedia.org/price-analysis/xrp-price-prediction-here-are-key-xrp-targets-amid-increased-whale-activity/">XRP Price Prediction: Here Are Key XRP Targets Amid Increased Whale Activity&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Ripple Labs-backed XRP has recently been on the edge of an inevitable breakout after notable consolidation on the macro apex triangle. With the XRP price still trading around the same level after the historic summary judgment regarding the US SEC vs. Ripple lawsuit, crypto experts argue time is running out for the instrument’s consolidation. </p> 
<p>Moreover, the anticipated altseason following the recent Bitcoin pump near $49k is expected to happen in the coming weeks. Meanwhile, the Ripple community is counting on a legal win after the Kraken crypto exchange managed to safeguard its XRP clients from the ongoing Ripple vs Vladi Zakinov case.</p> 
<h2 class="wp-block-heading" id="h-xrp-whales-increases-on-chain-activity-nbsp">XRP Whales Increases On-chain Activity&nbsp;</h2> 
<p>The past few weeks have been a beehive of activities for the XRPL network fueled by whales changing their crypto portfolio. Worth noting that Ripple remains the leading source of selling pressure for XRP despite the company’s progress in developing infrastructure for cross-border payments using XRPL products. In the past few days, several XRp transactions have been observed entering centralized crypto exchanges, thus increasing the overall selling pressure.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 100,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (51,281,714 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a><a href="https://t.co/HUgnszN9o7">https://t.co/HUgnszN9o7</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1752593901054054671?ref_src=twsrc%5Etfw">January 31, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-xrp-price-analysis"> XRP Price Analysis</h2> 
<p>XRP price has been attempting to defy bearish sentiments for the past few months, but the pressure has undeniably pounded heavily on the buyers. Furthermore, the existing weekly death cross between the 50 and 200 Moving Averages (MA) could soon push the XRP price below the support level by around 45 cents.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> Mid-Term Target <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> 0.85c – $1 – $5.5 – $6.4 (Update) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;">:<br><br>Hey everyone! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f44b.png" alt="👋" class="wp-smiley" style="height: 1em; max-height: 1em;"> Don't forget to check out the post from May 22, 2023, for the initial projections of (0.85c – $1 – $5.5 – $6.4) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;">. Link to the tweet <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f517.png" alt="🔗" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/CGLMB7CgGi">https://t.co/CGLMB7CgGi</a>.<br><br>WHAT'S NEXT? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f914.png" alt="🤔" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br>Only a handful of… <a href="https://t.co/e2iEgSLQMz">pic.twitter.com/e2iEgSLQMz</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1752601992797560961?ref_src=twsrc%5Etfw">January 31, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to a popular digital asset analyst, Egrag Crypto, on the X platform, XRP price is preparing to enter the third wave regarding the Elliott principle. Notably, the crypto analyst believes the first wave was completed after rallying above 80 cents. Meanwhile, the crypto analyst thinks the first wave correction in the Elliott principle could push the XRP price as low as 41 cents.</p>

XRP Price Prediction: Here Are Key XRP Targets Amid Increased Whale Activity

Table of Contents

CoinPedia News

Other articles published on Jan 31, 2024

Terraform Labs Claims Bankruptcy Could Help in SEC Lawsuit

NEOPIN Joins Forces with the Eco-friendly Drive-To-Earn Project GREEVER

Recovery and Expectations in the Cryptocurrency Market: Spotlight on Filecoin and Dogecoin

Sui soaring despite bearish market conditions, new presale targets $4m

Crypto Analyst Praises Polkadot and Meme Moguls as Stellar Delays Protocol 20 Upgrade

Stablecoin Transfer Triumph: Solana Outpaces Ethereum and Tron

Join our free newsletter for daily crypto updates!