2024

Million

April

<p>The post <a href="https://coinpedia.org/news/xrp-aim-for-1-amidst-whales-massive-sell-off-of-82-67-million-tokens/" rel="noopener noreferrer nofollow">XRP Aim For $1 Amidst Whales Massive Sell-Off of 82.67 Million Tokens!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>XRP, the Ripple-backed token, has staged an impressive recovery despite facing significant selloffs by whales in the past 24 hours. As the cryptocurrency market witnesses a surge in optimism, XRP’s resilience amid whale activity has sparked speculation about its potential to reach $1 soon.</p>
<h2 class="wp-block-heading" id="h-xrp-sell-off-totalling-82-6mln">XRP Sell-off Totalling 82.6Mln</h2>
<p>Whale Alert, a blockchain tracker platform, has flagged three substantial sell-off transactions in the past few days, revealing significant movement of XRP tokens in the market. These transactions collectively involved 82.67 million XRP, prompting discussions among investors and analysts.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 25,400,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (15,251,433 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitso?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitso</a><a href="https://t.co/qSQhxNDDKr" rel="noopener noreferrer nofollow">https://t.co/qSQhxNDDKr</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1775971549725556783?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 4, 2024</a>
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<p>The first transaction involved the transfer of 25,400,000 XRP, equivalent to approximately $15,251,433, from an unknown wallet to Bitso, a prominent cryptocurrency exchange.&nbsp;</p>
<p>Similarly, another 24,400,000 XRP, valued at around $14,637,203, was transferred from an undisclosed wallet to Bitstamp. Both of these transactions were noted to have been sent from the same address, identified as r4wf…Rzn.”</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 24,400,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (14,637,203 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitstamp</a><a href="https://t.co/JoY8qgree9" rel="noopener noreferrer nofollow">https://t.co/JoY8qgree9</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1775971826155307488?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 4, 2024</a>
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<p>In addition to these transfers, a substantial amount of 32,877,443 XRP, amounting to <a href="https://twitter.com/whale_alert/status/1776074037585715702" rel="noopener noreferrer nofollow">approximately $19,253,957</a>, was moved from another unidentified wallet to Bithumb, another leading cryptocurrency exchange.</p>
<h3 class="wp-block-heading" id="h-market-reaction">Market Reaction!!!</h3>
<p>While the exact reasons behind these significant sell-off transactions remain unclear, their occurrence has garnered attention within the cryptocurrency community.&nbsp;</p>
<p>Meanwhile, analysts and investors are keenly observing the impact of these transactions on XRP’s price movement and market sentiment in the coming days.</p>
<h2 class="wp-block-heading" id="h-xrp-aims-for-1">XRP Aims For $1</h2>
<p>As of now, XRP has recorded a 3.86% increase in price over the past 24 hours, <a href="https://markets.coinpedia.org/xrp/" rel="noopener noreferrer nofollow">reaching $0.5848</a>. However, well-known analyst Tylie Eric, predicts a quick jump to $1, while another prominent researcher <a href="https://coinpedia.org/price-analysis/xrp-price-hovering-at-0-62-will-it-hit-1-in-april/" rel="noopener noreferrer nofollow">Changelly, predicted</a> a more conservative price surge for XRP, aiming for $0.75 in April. Long-term views vary widely, with some envisioning lofty targets of $27.</p>
<p>In the meantime, Coinglass <a href="https://www.coinglass.com/" rel="noopener noreferrer nofollow">data indicated</a> an 8.3% surge in open interest and a 90.1% increase in derivatives volume, signaling increased trading activity and money inflow into the market.</p>

XRP Aim For $1 Amidst Whales Massive Sell-Off of 82.67 Million Tokens!

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