Bitcoin

Gains

<img decoding="async" width="1280" height="720" src="https://coingape.com/wp-content/uploads/2024/04/xrp-prce-logo.jpg" class="attachment-full size-full wp-post-image" alt="XRP Whale Strategically Bags 27M Coins Amid Price Dip Hinting Price Gains Ahead" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/04/xrp-prce-logo.jpg 1280w, https://coingape.com/wp-content/uploads/2024/04/xrp-prce-logo-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2024/04/xrp-prce-logo-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2024/04/xrp-prce-logo-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2024/04/xrp-prce-logo-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2024/04/xrp-prce-logo-150x84.jpg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
In a riveting turn of events, an XRP whale has recently accumulated nearly 27 million coins from an exchange amid the token’s bearish movement. This has ignited speculations of a potentially bolstered price action ahead. On-chain data suggests that an XRP whale additionally bagged $13 million worth of coins in the past 24 hours as the price slipped to the $0.47 level. This has birthed a flurry of speculations on the Ripple-backed digital asset’s future price movements. 
<h2 id="whale-bags-additional-xrp">Whale Bags Additional XRP</h2> 
According to data revealed by the on-chain transaction tracker Whale Alert, 27.74 million XRP, worth $13.18 million, was recorded to be accumulated from Binance, a renowned cryptocurrency exchange. The whale address rarG6FaeYh…gFsPn2bZKk was recorded to be making the <a rel="nofollow" href="https://whale-alert.io/transaction/ripple/4C2380EC0B4D319CF08D6707CE38508720DB4C0C107FEBDEF010D3EE64C5665E" target="_blank">XRP transaction</a>. 
Notably, CoinGape Media reported that the same address has bagged colossal amounts of <a href="https://coingape.com/xrp-price-uncertainty-raises-as-whales-shuffle-118m-coins-whats-next/" target="_blank" rel="noopener">XRP</a> amid a price slip below the $0.5 level. These accumulations hint at a strong sense of confidence in the asset’s potential to rise ahead. 
Moreover, the address has already been noted for accumulating hundreds of millions of XRP in recent days, further solidifying positive expectations for the price action ahead. This continuous increase in holdings is also a hopeful sign for the XRP community. 
However, despite accumulations, XRP traded in the red today, aligning with broader market trends. 
Also Read: <a href="https://coingape.com/bitcoin-btc-can-underperform-stocks-and-bonds-for-another-three-months-heres-why/" target="_blank" rel="noopener">Bitcoin (BTC) Can Underperform Stocks And Bonds for Another Three Months, Here’s Why</a> 
<h2 id="xrp-price-falls">XRP Price Falls</h2> 
As of writing, the <a href="https://coingape.com/price/xrp/" target="_blank" rel="noopener">XRP price</a> slipped 0.31% from yesterday to trade at $0.4783. The token’s 24-hour lows and highs are $0.4647 and $0.4805, respectively. 
However, Coinglass data underscored an increase in investor enthusiasm surrounding the asset. XRP’s Futures OI jumped 1.98% to $541.26 million, further accompanied by a derivatives volume upswing of 12.25% to $941.29 million. 
Nonetheless, the RSI hovered in bearish territory today, sitting near 36, with broader market neutrality. Recent developments within <a href="https://coingape.com/breaking-ripple-ceo-announces-rlusd-stablecoin-for-xrp-ecosystem/" target="_blank" rel="noopener">XRPL</a>, the blockchain for XRP, have further ignited an optimistic market torrent on future price movements 
Also Read: <a href="https://coingape.com/five-on-chain-metrics-bitcoin-price-bull-run-remains-intact/" target="_blank" rel="noopener">Bitcoin Price Bull Run Is Intact As Per These Five On-chain Metrics</a> 
The post <a href="https://coingape.com/xrp-whale-strategically-bags-27m-coins-amid-price-dip-hinting-price-gains-ahead/">XRP Whale Strategically Bags 27M Coins Amid Price Dip Hinting Price Gains Ahead</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

XRP Whale Strategically Bags 27M Coins Amid Price Dip Hinting Price Gains Ahead

Table of Contents

Coingape News Media

Other articles published on Jun 15, 2024

Spongebob Crypto (SPONGCRY) Will Skyrocket 12,000% After Hitting $185k Market Cap, While Shiba In...

Australia ASX Approves First Spot Bitcoin ETF

Ethereum Sees Potential Growth with Spot ETF Approval

MoonBag’s 15,000% ROI Challenges Avalanche and Binance, Promising Best Presale in 2024

Top Crypto Presale in 2024: MoonBag Outshines Slothana and Pepe Coin

Get Rich with Crypto: 5 Altcoins for This Cycle

Join our free newsletter for daily crypto updates!