2024

Coin

<ul class="news-points">
 <li>Whales acquired 140M XRP ($84M) in seven days.</li>
 <li>XRP’s price rose over 10%, with strong support at $0.54. </li>
 <li>MACD signals a bullish trend.</li>
</ul>
The crypto ocean saw a flurry of activity from whales, those heavy-hitting investors known for their massive holdings, who scooped up over 140 million XRP tokens in the past week, valued at approximately $84 million, according to on-chain analyst Ali Charts.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 In the last week, whales bought over 140 million <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a>, valued at approximately $84 million! <a href="https://t.co/s22yK8wlZS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/s22yK8wlZS</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1815662684710310366?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 23, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
This increased buying pressure is attributed to several factors, particularly the landmark ruling by Judge Phyllis Hamilton in Ripple’s ongoing legal process.
Last week, Hamilton extended the deadline for excluding four expert testimonies until July 26. This judicial directive fueled positive sentiment among major XRP investors, leading to significant purchases.
Following the ruling, crypto tracking service Whale Alert identified substantial <a href="https://x.com/whale_alert" target="_blank" rel="noopener noreferrer nofollow">on-chain movement</a> of approximately 140 million XRP ($84 million).
Meanwhile, Ali posted an XRP chart revealing trends influenced by whale traders from early June to …
The post <a href="https://coinedition.com/xrp-whales-scoop-up-84m-in-tokens-signaling-potential-breakout/" rel="noopener noreferrer nofollow">XRP Whales Scoop Up $84M in Tokens, Signaling Potential Breakout</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Whales Scoop Up $84M in Tokens, Signaling Potential Breakout

Coin Edition

Άλλα άρθρα που δημοσιεύτηκαν στις 23 Ιουλ 2024

Hamilton Lane Launches Private Credit Fund on Solana

NEAR Protocol Down More Than 3% Within 24 hours

XRP Beats BTC, SOL, and ETH On Volume Change Across Major Exchanges

Mdex Coin Gains Popularity

Exploring Moon Mouse: The Stellar Mouse of the Solana Network

Analysts: Don’t short BTC before Trump’s Bitcoin 2024 Conference – Why?

Join our free newsletter for daily crypto updates!