bullish

2024

Million

Coin

<ul class="news-points">
 <li><strong>Whale Alert reports major XRP transfers, including 800 million XRP locked in escrow, hinting at strategic market moves by Ripple.</strong></li>
 <li><strong>XRP derivatives trading volume dropped by 62.11%, but a rise in long positions suggests optimism among top traders on major exchanges. </strong></li>
 <li><strong>Technical indicators show bullish potential for XRP, with the RSI nearing overbought levels and the MACD suggesting upward momentum.</strong></li>
</ul>
<p>Ripple has locked 500 million XRP, worth $314.84 million, in escrow, as per Whale Alert, a blockchain tracking service. This follows a series of large XRP transactions, including a 200 million XRP transfer from an unknown wallet to Ripple.</p>
<p>Shortly after, <a href="https://x.com/whale_alert/status/1841092216082640996" target="_blank" rel="noopener noreferrer nofollow">Ripple locked</a> 100 million XRP ($62.99 million) and another <a href="https://x.com/whale_alert/status/1841092694522675558" target="_blank" rel="noopener noreferrer nofollow">200 million</a> XRP ($126 million) in escrow. These transactions were followed by a massive <a href="https://x.com/whale_alert/status/1841091970686431315" target="_blank" rel="noopener noreferrer nofollow">500 million</a> XRP escrow lock, worth $314.84 million.</p>
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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;"> <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;"> <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;"> <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;"> <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;"> <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;"> 200,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> (126,077,285 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ripple</a><a href="https://t.co/B23F1FeDHx" target="_blank" rel="noopener noreferrer nofollow">https://t.co/B23F1FeDHx</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1841090492580180427?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 1, 2024</a>
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<p>Alongside these whale movements, XRP’s price stayed at $0.628093, with a 24-hour trading volume of $1.41 billion. XRP fell 0.81% over the last 24 hours holding a …</p>
<p>The post <a href="https://coinedition.com/ripples-500-million-xrp-escrow-lock-triggers-whale-alert/" rel="noopener noreferrer nofollow">Ripple’s 500 Million XRP Escrow Lock Triggers Whale Alert</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple’s 500 Million XRP Escrow Lock Triggers Whale Alert

Coin Edition

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