Shiba

Cryptocurrency

Shiba Inu

<p>Cryptocurrency analyst <a href="https://twitter.com/BenArmstrongsX/status/1745931022015909890?t=ZHfbbRcSi6vYCXuTjecbEA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Ben Armstrong (@BenArmstrongsX) </a>highlighted some large XRP token movements across exchanges and wallets this past week. With over 67 million XRP worth $39 million shifting around, Armstrong suggests these “massive whale movements” could foreshadow a coming breakout for the price of the token created by Ripple Labs.</p>
<p><strong>Big Moves Between Exchanges</strong></p>
<p>As Armstrong outlines in a Twitter thread, the biggest movers of <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> over the past few days facilitated transfers between cryptocurrency exchanges. Around 25.8 million XRP – worth over $15 million – was sent to the Bitstamp exchange from an unknown wallet. Additionally, 19.8 million XRP was transferred to the exchange Bitso from that same sending address.</p>
<p>While exchange inflows don’t necessarily signify upcoming selling pressure, large movements like these between wallets and platforms warrant monitoring. Especially considering XRP’s long legal battle with the SEC, transactions of this size could mean investors are positioning for a move.</p>
<p><strong>More Large Transfers</strong></p>
<p>Beyond the big exchange transfers, Armstrong points out another 22 million XRP was moved from Upbit exchange to an unknown wallet. Unlike exchange inflows which can be concerning, exchange outflows typically signal holders moving assets into secure storage rather than positioning to sell.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>So between the mixed exchange flows and private wallet activity, there’s clearly some big money making moves in the XRP ecosystem recently. And these types of transfers often precede or coincide with accelerating price movement.</p>
<blockquote class="wp-block-quote">
 <p>“Such high-value transfers are always a point of interest in the #cryptocurrency space,” notes Armstrong.</p>
</blockquote>
<p><strong>Bullish Sentiment Building</strong></p>
<p>Importantly, this uptick in XRP whale movements has unfolded alongside improving price action and sentiment around the token. After consolidating under $0.53 for most of last year, XRP has sprinted above $0.58 this month. Trading volumes are up 45% in tandem, signaling momentum is building.</p>
<p>Given these dynamics, Armstrong ends his analysis expressing optimism that Ripple’s darling asset looks poised for a larger move. Analyst commentary and forecasts support this view as well, with many key figures turning bullish on XRP’s near-term outlook.</p>
<p>So while the motives behind the massive token shuffling remain unclear, Armstrong interprets it as whales positioning for an imminent XRP price breakout. Between the technicals, on-chain activity, and sentiment, momentum has shifted favorably for the controversial token to potentially start its next sustained uptrend.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/a-sleeping-crypto-giant-why-one-ripple-analyst-sees-xrp-surging-to-333/" target="_blank" rel="noopener noreferrer nofollow">A Sleeping Crypto Giant? Why One Ripple Analyst Sees XRP Surging to $333</a></li>
 <li><a href="https://captainaltcoin.com/fibonacci-reveals-shhiba-inus-shib-nex-key-levels-but-this-support-must-hold-first/" target="_blank" rel="noopener noreferrer nofollow">Fibonacci Reveals Shiba Inu’s SHIB Next Key Levels, But This Support Must Hold First</a></li>
 <li><a href="https://captainaltcoin.com/bonk-90-day-growth-hits-6390-as-shiba-inu-successor-gains-steam/" target="_blank" rel="noopener noreferrer nofollow">Bonk 90-Day Growth Hits 6390% As Shiba Inu Successor Gains Steam</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/these-massive-xrp-movements-suggest-ripples-darling-is-about-to-move/" rel="noopener noreferrer nofollow">These Massive XRP Movements Suggest Ripple’s Darling Is About to Move</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

These Massive XRP Movements Suggest Ripple’s Darling Is About to Move

Table of Contents

CaptainAltcoin

Другие статьи, опубликованные 14 янв. 2024 г.

BRICS targets $5 billion in exports for 2024

Celestia (TIA) Approaches $20: Analyst Sentiments Unveiled

Quant Is Declining But Will Probably Reach The $108 Low Again

Peter Schiff doubts BTC investors will ‘hodl’ after ‘long weekend’

3 Best Cryptos To Include in a Balanced Portfolio in 2024

Vanguard will soften anti-ETF stance, analyst predicts

Join our free newsletter for daily crypto updates!