Accumulate

bullish

2024

<ul>
 <li><strong>Whale Alert reported a transfer of 23.69 million XRP from Binance to an unknown wallet.</strong></li>
 <li><strong>Ripple plans to unlock 1 billion XRP tokens on August 1, potentially impacting the market.</strong></li>
</ul>
<p>Despite the varying performance of the crypto market, XRP’s price remains in a bullish pattern, staying above the critical level of $0.60. Whale Alert has <a href="https://x.com/whale_alert/status/1817827524186964287" rel="noopener noreferrer nofollow">detected</a> a huge transfer of 23,690,289 XRP, worth $14,432,839, from a Binance exchange wallet to an unknown wallet.</p>
<p>While the reason for this significant move is unknown, shifting tokens from a major exchange wallet is often regarded as an attempt to hodl long-term.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <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;"> 23,690,289 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (14,432,839 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> to unknown wallet<a href="https://t.co/PxlPlypOST" rel="noopener noreferrer nofollow">https://t.co/PxlPlypOST</a></p>
 <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1817827524186964287?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="strong-whales-accumulate-as-xrp-s-price-continues-to-climb-strong"><strong>Whales Accumulate as XRP’s Price Continues to Climb&nbsp;</strong></h2>
<p>Since rising from its low point this year, the price of <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/ripple-news-xrp-could-skyrocket-to-1000-if-used-for-10-of-swift-payments-says-analyst/" rel="noopener noreferrer nofollow">XRP</a></span> has increased along with numerous accumulating moves by whales, with transactions totaling more than $1 million each. At the time of writing, the recipient wallet contained about 39.942 million XRP, worth around $24.38 million.</p>
<p>XRP is currently trading at about <strong>$0.6104</strong>, up <strong><span style="color: #008000;">1.25%</span></strong> over the last 24 hours on a trading volume of $935.74 million. This places it as the eighth-largest cryptocurrency by trading volume.</p>
<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>Despite its great performance, the current price remains below the highest price achieved in the previous 12 months, which was $0.718 on March 12.</p>
<p>On the other hand, CNF <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/popular-analyst-predicts-massive-breakout-for-xrp-price-pump-to-1/" rel="noopener noreferrer nofollow">noted</a></span> that a popular analyst predicts a high bullish potential for the XRP price. According to the analyst, Ripple’s token might rise to $0.85 and perhaps reach the long-awaited target of $1.</p>
<p>Additionally, as we previously <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/ripple-to-unlock-1-billion-xrp-tokens-worth-609m-on-august-1-should-you-buy-now/" rel="noopener noreferrer nofollow">reported</a></span>, Ripple intends to unlock 1 billion XRP tokens worth $609 million on August 1, which could have an impact on the market. Furthermore, Ripple CEO Brad Garlinghouse thinks that the Archax alliance would lead to exponential development in RWA tokenization.</p>

Whale Alert: 23.69M XRP Transferred from Binance to Unknown Wallet

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Crypto News Flash

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