<ul class="wp-block-list news-points"><li><strong>Whale activity boosts XRP’s bullish momentum amid recent price weakness.</strong></li><li><strong>XRP targets $3.84, supported by strong DMI and ADX bullish indicators.</strong></li><li><strong>Overbought RSI hints at possible retracement to $1.96 before another rally.</strong></li></ul><p>An unknown entity just transferred nearly 40 million <a href="https://x.com/whale_alert/status/1864170709582275056" rel="noopener noreferrer nofollow">XRP </a>tokens (worth $103.18 million). X user Whale Alert said the XRP went to a wallet linked to Coinbase.</p><div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img width="604" height="265" src="https://coinedition.com/wp-content/uploads/2024/12/photo_2024-12-04_17-42-34.jpg" alt="" class="wp-image-555656" style="width: 100%;height:auto"></figure></div><p>This unexpected move has sent ripples through the market, sparking speculation about its likely impact on XRP’s trajectory. However, the timing couldn’t be more intriguing. At press time, XRP has shed over 4% in the past 24 hours, slipping into the $2.61 range—an area many see as a golden opportunity to “buy the dip.” With this transfer coming amid recent price weakness, could it catalyze an impending rally?</p><h2 class="wp-block-heading" id="h-xrp-on-chain-metrics-points-to-market-confidence">XRP On-Chain Metrics Points to Market Confidence</h2><p>CoinGlass data shows XRP’s on-chain metrics, which could mean bullish momentum is coming. The OI-Weighted Funding Rate chart shows a steady rise, to 0.06% on November 13. By December 3, the rate was 0.046%, with XRP at $2.53.</p><div class="wp-block-image"><figure class="aligncenter is-resized"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXex8JnCqUVLRPL64ufuuSAh6uqzRDx_rgfwrYstMzGNRBlGWu-KO_ABjN5l3d88bZ3uUS83o_vv_rrOAki-cw1NbBkBHSoeLIlygUWri0o9-YGWMHrbgZD-ZPPr7GFZv_g6sx3E?key=BwCr0wrG9R1BDolKb1RJqQsC" alt="" style="width: 100%;height:auto"><figcaption class="wp-element-caption"><em>Source: </em><a href="https://www.coinglass.com/currencies/XRP" rel="noopener noreferrer nofollow"><em>CoinGlass</em></a></figcaption></figure></div><p>This trend shows that long position holders want to sustain their bullis…</p><p>The post <a href="https://coinedition.com/xrp-whale-moves-103m-to-coinbase-price-rebound-expected/" rel="noopener noreferrer nofollow">XRP Whale Moves $103M to Coinbase: Price Rebound Expected?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

XRP Whale Moves $103M to Coinbase: Price Rebound Expected?

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