Captain

Billion

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whale-activity-boosts-ripples-xrp" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whale Activity Boosts Ripple’s XRP</a><br></p>
<p style="text-align: justify">On July 2, a significant whale movement involving Ripple’s <a href="https://en.bitcoinhaber.net/xrp-ledger-enhances-capabilities-with-rippled-2-0-release" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> captured the market’s attention, leading to a price increase. Whale Alert disclosed that around 3 billion XRP were transacted within the last 24 hours, stirring investor interest. The bulk movement of XRP, influenced by both escrow releases and whale activities, has fueled intense speculation <a href="https://newslinker.co/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">about future</a> price trends.</p>
<h2 id="where-are-3-billion-xrp-heading">Where Are 3 Billion XRP Heading?</h2>
<p style="text-align: justify">According to Whale Alert, 2.93 billion XRP were mobilized within 24 hours, primarily due to the release of escrowed XRP and whale activities. Specifically, 1 billion XRP, valued at $481 million, were unlocked from Ripple escrows.</p>
<p style="text-align: justify">Subsequently, 800 million XRP, valued at $382 million, were re-locked into escrows by Ripple. Whale transactions also gained attention, with a massive transfer of 1.1 billion XRP to Ripple, exceeding the amount unlocked. Notably, an XRP whale, Rzn, sent 30.76 million XRP, worth $14.64 million, to exchanges, capitalizing on the price increase.</p>
<h2 id="will-xrp-price-continue-to-rise">Will XRP Price Continue to Rise?</h2>
<p style="text-align: justify">Currently, XRP is trading at $0.4816 after a 0.5% rise today. The lowest price recorded in the past 24 hours was $0.4759, and the highest was $0.4877. Analyst Captain Faibik, known for his insights on XRP, forecasted a potential 25% price movement. He highlighted that XRP remains above the falling wedge formation, with rising RSI and supporting MACD indicators.</p>
<p style="text-align: justify">Coinglass data points to an increase in Open Interest (OI) and derivative volume related to futures, suggesting a bullish sentiment for XRP. OI rose by 1.19% to $615.98 million, and volume surged by 25.23% to $739.54 million, reinforcing positive <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a>.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>The significant movement of 3 billion XRP can indicate major market shifts.</li>
 <li>Re-locking of a substantial amount into escrows shows strategic financial management by Ripple.</li>
 <li>Whale transactions can provide early indicators for potential price movements.</li>
 <li>Technical analysis shows bullish signals with rising RSI and MACD indicators.</li>
 <li>Increased Open Interest and derivative volume point to growing trader confidence.</li>
</ul>
<p style="text-align: justify">The recent whale movements and technical indicators suggest that XRP’s price could see further gains, providing intriguing opportunities for investors and traders alike.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/whale-activity-boosts-ripples-xrp" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whale Activity Boosts Ripple’s XRP</a></h5>

Whale Activity Boosts Ripple’s XRP

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