2024

Parabolic

Million

<p>The post <a href="https://coinpedia.org/news/whale-alert-61-99-million-xrp-on-the-move-is-0-75-coming/">Ripple News: With 61.99 Million Tokens on the Move, XRP Price Eyes $0.75</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a significant rebound, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> surged back to $0.61, revisiting levels seen before Ripple’s $285 million buyback plan announcement, setting the company’s value at $11 billion.</p> 
<p>The recent resurgence, marking a return to the $0.61 level, took an intriguing turn as Whale Alert, a renowned blockchain tracker platform, brought attention to two colossal whale transactions involving XRP.</p> 
<p>Here’s everything you need to know about these mystery movements and what to infer from them. </p> 
<h2 class="wp-block-heading" id="h-breaking-down-the-transactions">Breaking Down the Transactions</h2> 
<p>In a recent tweet post a prominent, blockchain tracker platform Whale Alert brought attention to two substantial whale transactions involving XRP. These transactions collectively witnessed the transfer of a staggering 61.99 million XRP, equivalent to $36.32 million at the current market value.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 21,999,545 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (12,851,609 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> to unknown wallet<a href="https://t.co/jmDsnmaJvA">https://t.co/jmDsnmaJvA</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1762825088305348860?ref_src=twsrc%5Etfw">February 28, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<h3 class="wp-block-heading" id="h-outflow-from-binance">Outflow from Binance</h3> 
<p>The first transaction, a movement of 21,999,545 XRP worth $12,851,609, originated from the cryptocurrency exchange Binance and found its way to an unknown wallet. This sizable outflow raised questions within the crypto community, sparking speculation about the motivations behind such a substantial transfer.</p> 
<p>Read More: <a href="https://coinpedia.org/news/ripple-president-monica-long-discloses-excitement-over-partnerships-and-collaborations/">Ripple’s New Partnerships Fuel XRPL Expansion; Monica Long Discusses</a></p> 
<h3 class="wp-block-heading" id="h-inflow-to-binance">Inflow to Binance</h3> 
<p>Simultaneously, a staggering 40,000,000 XRP, equivalent to $23,478,152, flowed into Binance from an unidentified wallet. This significant inflow turned heads, underscoring a considerable surge in XRP activity and drawing attention to the dynamic shifts in the cryptocurrency market.</p> 
<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">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 40,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (23,478,152 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a><a href="https://t.co/9u7zttHF9D">https://t.co/9u7zttHF9D</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1762837457655988618?ref_src=twsrc%5Etfw">February 28, 2024</a>
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<p>Despite the whale transactions causing a stir, XRP’s price action paints a bullish picture for the altcoin market. This aligns seamlessly with the token’s derivatives data, revealing a 7.51% rise in open interest and a 59.85% surge in volume—a clear indicator of an uptrend.</p> 
<p><strong>Charting New Heights </strong></p> 
<p>Following XRP’s recent breakthrough beyond the $0.61 mark on February 29, bullish sentiments are gaining momentum. Investors now set their sights on a more ambitious goal—retesting the $0.70 to $0.75 range in the upcoming rally.</p> 
<h2 class="wp-block-heading" id="h-bullish-sar-signals">Bullish SAR Signals</h2> 
<p>Bolstering this positive outlook is the Parabolic Stop and Reverse (SAR), a technical indicator designed to pinpoint potential reversal points. Currently priced at <a href="https://markets.coinpedia.org/xrp/">$0.59</a>, XRP remains positioned below the Parabolic SAR dots, suggesting a trajectory toward $0.63. </p> 
<p>A decisive breakthrough above this short-term resistance could trigger a substantial price surge, propelling XRP toward the targeted $0.70 to $0.75 range—an ascent eagerly anticipated by traders attuned to these promising signals.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/xrp-is-on-the-verge-of-mega-surge-says-top-crypto-analyst/">XRP Poised for Mega Surge to $0.91 by March, Predicts Top Analyst</a></p>

Ripple News: With 61.99 Million Tokens on the Move, XRP Price Eyes $0.75

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