<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-whale-transactions-stir-market-curiosity/" data-wpel-link="internal">XRP Whale Transactions Stir Market Curiosity</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/xrp-coin-price-analysis-what-to-expect-next/" data-wpel-link="internal">Ripple</a> Labs’ battle with the SEC has brought XRP into the spotlight, with a price increase that has focused all attention on the altcoin. The whale transaction that occurred amidst the price rise brought with it a flurry of speculation. According to on-chain data provided by Whale Alert, which closely monitors whale transactions on the blockchain, approximately 203.10 million XRP worth about $112.20 million was moved.</p> 
<h2 style="text-align: justify" id="what-s-the-xrp-whale-up-to">What’s the XRP Whale Up To?</h2> 
<p style="text-align: justify">As of writing, the XRP price seemed to be approaching the $0.58 level. This rise has sparked great curiosity among traders and investors.</p> 
<p style="text-align: justify">Derivative data related to the Ripple-supported altcoin coincided with today’s price rise, further strengthening the bullish sentiment towards XRP in the crypto market.</p> 
<p style="text-align: justify">In the midst of all this, a massive XRP transfer was made from an unknown wallet address represented by r47Wfk93Ti…uvHRiWYPsG to another address lan rH5wodHpZz…qeEjSdbzWU on February 15th.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-315454" src="https://coin-turk.com/wp-content/uploads/2024/02/xrp-coin-turk-com.jpg" alt="" width="1092" height="647"></p> 
<p style="text-align: justify">Following this transaction, a drop in XRP price was observed, according to the data obtained. The downturn was short-lived, and a subsequent rise ensued. Today, on February 16th, an extraordinary increase was reflected in the charts.</p> 
<p style="text-align: justify">On the other hand, looking at the derivative data provided by Coinglass, there was a significant increase of 5.60% in open interest for XRP as of today, while the value reached $693.60 million. This situation paralleled the price increase, supporting the bullish sentiment.</p> 
<p style="text-align: justify">Moreover, the remarkable increase in XRP volume supports the optimism in the market, as evidenced by XRP’s movement towards the $0.58 level.</p> 
<h2 style="text-align: justify" id="what-is-the-current-dollar-price-of-xrp">What is the Current Dollar Price of XRP?</h2> 
<p style="text-align: justify">As of writing, the XRP price has experienced a 4.6% increase, bringing the price to $0.5708. The token’s market value has surpassed the $31 billion mark with a 4% increase, while the 24-hour trading volume has exceeded $1.7 billion with a 25.10% increase.</p> 
<p style="text-align: justify">During this period, the analyst Cryptoes, whose name has been heard frequently lately, pointed out the recent rise of XRP.</p> 
<p style="text-align: justify">The importance of staying above the highlighted $0.54 level by the analyst is evident once again, and the token appears to be preparing to visit $0.58. Despite all this, where XRP will end its weekly close remains a topic of curiosity among investors.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/xrp-whale-transactions-stir-market-curiosity/" data-wpel-link="internal">XRP Whale Transactions Stir Market Curiosity</a></h5>

XRP Whale Transactions Stir Market Curiosity

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