Million

Optimism

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whale-buys-12-7-million-worth-of-xrp/" data-wpel-link="internal">Whale Buys $12.7 Million Worth of XRP</a> 
Ripple Labs-supported altcoin XRP is once again drawing attention in the <a href="https://en.coin-turk.com/crypto-market-rides-high-as-bitcoin-tests-57000/" data-wpel-link="internal">cryptocurrency market</a>. On-chain data revealed the presence of a whale who accumulated 30 million coins in the last 24 hours, increasing speculation about the altcoin’s <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> price movements. 
<h2 style="text-align: justify" id="strong-whale-buys-12-7-million-worth-of-xrp-strong">Whale Buys $12.7 Million Worth of XRP</h2> 
Optimism about XRP’s potential to reach the $0.50 level has captured market interest amid these whale activities. The RDA…Pxr wallet address transferred approximately 29.7 million XRP coins worth $12.7 million from Binance to an anonymous wallet (rfQ…Cvi). This large-scale accumulation move and the price increase have renewed interest in the Ripple Labs-supported altcoin. Currently, the wallet address holds a total of 31.59 million XRP coins. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-368543" src="https://coin-turk.com/wp-content/uploads/2024/07/Altcoin-Ripple-XRP.png" alt="" width="251" height="570"> 
XRP experienced a turbulent period at the beginning of July, with its price dropping to its lowest level since March 2023. On July 5, during a market-wide crash, the altcoin’s price fell by 12% to approximately $0.38. After this drop, bulls managed to recover some losses. Analysts believe that if the bull trend continues, XRP could rally towards the resistance level at $0.45 and then target the $0.50 level. 
However, if selling pressure increases again, the altcoin‘s price could test the support level at $0.407 and potentially fall to $0.369. Such price movements necessitate cautious optimism among XRP investors. 
<h2 style="text-align: justify" id="strong-prominent-xrp-advocate-announces-additional-xrp-purchase-strong">Prominent XRP Advocate Announces Additional XRP Purchase</h2> 
Bill Morgan, a prominent figure in the XRP community, stated that he saw the recent drop as a buying opportunity and purchased some XRP at just over $0.40. Morgan hinted that he plans to buy more coins if the price drops to $0.375. 
From a <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">technical analysis</a> perspective, XRP’s daily Relative Strength Index (RSI) at 58.8 has entered the overbought zone, indicating potential bullish momentum. According to recent data, XRP is trading at $0.4336, having risen by 7.79% in the last 24 hours, while it has fallen by 8.72% in the last 7 days. XRP’s circulating supply is 56 billion, and its market cap stands at $24.1 billion. The $1.1 billion trading volume recorded in the last 24 hours also reflects active interest in XRP trading. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/whale-buys-12-7-million-worth-of-xrp/" data-wpel-link="internal">Whale Buys $12.7 Million Worth of XRP</a></h5>

Whale Buys $12.7 Million Worth of XRP

İçindekiler

COINTURK NEWS

6 Tem 2024 tarihli diğer yazılar

Cardano's Trading Activity Signals Potential Uptrend Amid Market Indecision

Coinbase Plans Polkadot ETF, Signaling Potential Boost for DOT Price and Popular Altcoins

Unite for Crypto Wealth: MoonBag Referral Programme Empowering Communities to Earn Free Rewards

JASMY’s Resilience Proves Strong as Analysts Expect Bullish Momentum Towards the $0.6 Price Mark

Meme Ai Price Prediction: MEMEAI Plunges 22% As Analysts Say This Latest AI Meme Coin Is The Best...

Exploring 4 Tokens with Potential to Mirror Solana (SOL)'s Success

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!