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<p>The post <a href="https://coinpedia.org/news/whales-move-25-million-xrp-analyst-predicts-further-drop-to-0-55-amidst-price-decline/">Whales Move 25 Million XRP to Bitstamp; Is a Massive Price Drop Incoming?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Who can ever really predict what’s to happen next in the wild wild world of cryptocurrency? Now, a recent 2.58% reduction in total market capitalization has sent shockwaves across major players, including Bitcoin, Ethereum, and, notably, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a>. </p> 
<p>But what’s truly piquing the interest of analysts is the intriguing dance of 24.60 million XRP tokens making their way to Bitstamp, a prominent crypto exchange, precisely when the market was witnessing a dip.</p> 
<p>What exactly is the correlation, if there is any? Let’s dive in and explore. </p> 
<h2 class="wp-block-heading" id="h-mysterious-moves-what-s-going-on">Mysterious Moves: What’s Going On? </h2> 
<p>Whale Alert, a platform monitoring on-chain data, <a href="https://whale-alert.io/transaction/ripple/8413DC6FC84474BDB624207C7B8420AB054EF8204D8854CCE22D1143667AFBA1">recently reported</a> a transaction involving the movement of 24.60 million XRP to Bitstamp. The transfer, initiated by an unknown wallet address, occurred on December 18 despite the ongoing price drop in its value.&nbsp;</p> 
<p>What’s captured the attention of experts is the consistent flow of large-scale XRP transfers to CEXs (centralized exchanges), notably <a href="https://coinpedia.org/price-analysis/ripple-news-whale-alert-25-4-million-xrp-transferred-to-bitstamp-and-bitso/">Bitstamp and Bitso</a>. The intrigue deepens with Ripple’s strategic acquisition of stakes in these very exchanges. Is it a well-orchestrated move or mere coincidence? The market is buzzing with speculation.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-xrp-price-drop-waiting-to-happen-ali-weighs-in">XRP Price Drop Waiting to Happen? Ali Weighs In</h2> 
<p>As XRP’s value takes a hit, crypto analyst Ali on X offers insights into the potential trajectory. Anticipating a retreat to around $0.55 if XRP continues its journey toward the $0.75 target, Ali highlights the significance of XRP’s position within an ascending parallel channel. A rejection at the channel’s mid-line, warns Ali, could trigger a retracement towards the $0.55 mark.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> is moving inside an ascending parallel channel! After facing rejection at the channel's mid-line, <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> might see a pullback toward the lower boundary, around $0.55. <a href="https://t.co/1lfCDOAXur">pic.twitter.com/1lfCDOAXur</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1736342920939061454?ref_src=twsrc%5Etfw">December 17, 2023</a>
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<p>Presently, XRP is weathering a 1.57% decrease in the last 24 hours, settling at $0.6062. The broader picture reveals a 3.56% decline over the past week, signaling a prevailing bearish sentiment surrounding the token.</p> 
<p>Read More: <a href="https://coinpedia.org/news/xrp-is-poised-for-a-1500-gain-if-it-breaks-this-level-says-top-analyst/">XRP is Poised for a 1,500% Gain If It Breaks This Level, Says Top Analyst</a></p> 
<h2 class="wp-block-heading" id="h-optimism-with-a-hint-of-fear-amp-uncertainty">Optimism With A Hint of Fear &amp; Uncertainty</h2> 
<p>While the Ripple lawsuit with the U.S. Securities and Exchange Commission (SEC) remains a focal point, opinions among traders are divided. The potential <a href="https://coinpedia.org/news/ripples-ipo-anticipation-and-xrps-resilience-amidst-market-uncertainties/">Ripple IPO</a> and the awaited approval of a spot Bitcoin ETF add layers of uncertainty to the mix. Yet, some argue that regulatory concerns might be overshadowed by other influential factors.</p> 
<p>This Might Interest You: <a href="https://coinpedia.org/news/ripple-ipo-update-wall-street-expert-reveals-when-ripple-will-go-public/">Ripple IPO Update: Wall Street Expert Reveals When Ripple Will Go Public</a></p> 
<p>Panos Mekras, co-founder of Anodos Finance, offers a distinct perspective, asserting that the impact of the Ripple lawsuit on <a href="https://markets.coinpedia.org/xrp/">XRP’s price</a> has waned. Clearing XRP of security status, Mekras emphasizes the ecosystem’s ability to forge ahead, underlining the numerous projects building on its robust foundation.</p> 
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   <p lang="en" dir="ltr">If that's what most <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> holders are waiting for and are excited for, I strongly disagree with them. I don't think what happens to the Ripple case matters for XRP itself anymore. XRP has been cleared, it's not a security, the ecosystem moves on along with the hundreds of projects… <a href="https://t.co/U6w5OkCVNm">https://t.co/U6w5OkCVNm</a></p>— Panos 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53c.png" alt="🔼" class="wp-smiley" style="height: 1em; max-height: 1em;">{X} (@panosmek) <a href="https://twitter.com/panosmek/status/1736478799854755938?ref_src=twsrc%5Etfw">December 17, 2023</a>
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<p>As the crypto rollercoaster continues its twists and turns, the future trajectory of XRP remains uncertain, leaving traders and enthusiasts alike on the edge of their seats.</p>

Whales Move 25 Million XRP to Bitstamp; Is a Massive Price Drop Incoming?

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