<div class="finbold">
 <p class="paragraph">Two mysterious XRP whale addresses withdrew nearly 40 million XRP worth over $20 million from Binance on February 21. The withdrawals happened in the same minute interval, and the addresses show similar patterns.</p>
 <p class="paragraph">Notably, Finbold noticed the alerts by the <em>Whale Alert</em> account on X within one <a rel="noopener noreferrer nofollow" title="minute" href="https://thebittimes.com/tag/minute.html">minute</a> of their occurrence. The <a rel="noopener noreferrer nofollow" title="mysterious" href="https://thebittimes.com/tag/mysterious.html">mysterious</a> activity by supposedly two XRP <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a>s happened in three seconds from the first to the second.</p>
 <p class="paragraph">First, ‘rfQ9E…k8Cvi’ withdrew 19.90 million XRP ($10.75 million) to an account activated on January 3, 2024. Followed by an 18.54 million XRP ($10.01 million) withdrawal to ‘rarG6…2bZKk’, activated on the same day as the other.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">This similar activity from activation to the massive recent withdrawals suggests these mysterious XRP whales belong to the same entity. Moreover, the two accounts have sending activities to similar destinations, all in short time intervals.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="940" height="500" src="https://cdn.thebittimes.com/images/2024/02/21/3ca20155ffdf78ba365362fd4a2fa73b.webp" alt class="wp-image-156444" srcset="https://cdn.thebittimes.com/images/2024/02/21/3ca20155ffdf78ba365362fd4a2fa73b.webp 940w, https://cdn.thebittimes.com/images/2024/02/21/3ca20155ffdf78ba365362fd4a2fa73b.webp 300w, https://cdn.thebittimes.com/images/2024/02/21/3ca20155ffdf78ba365362fd4a2fa73b.webp 768w" sizes="(max-width: 940px) 100vw, 940px">
  <figcaption class="wp-element-caption">
   Whale Alert, two XRP whales. Source: X (Finbold)
  </figcaption>
 </figure>
 <p class="paragraph">On the other hand, Ripple recently sold 60 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP ($32 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>) of the extra 100 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> tokens from a dormant <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> address.</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="500" data-dnt="true">
    <p lang="en" dir="ltr">60,000,000 #XRP (34,088,291 USD) transferred from #Ripple to unknown wallethttps://t.co/zfHG8o0Bbo</p>— Whale Alert (@whale_alert) February 20, 2024
   </blockquote>
  </div>
 </figure>
 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
 <p class="paragraph">In the meantime, XRP is trading at $0.539, following a strong downtrend in the daily chart against the dollar. Interestingly, it contrasts with the <a rel="noopener noreferrer nofollow" title="mysterious" href="https://thebittimes.com/tag/mysterious.html">mysterious</a> XRP <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> activity, which shows a bullish bias of high accumulation intents.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/02/21/49116074cd583993ca02321c6d33fe97.webp" alt class="wp-image-156445" srcset="https://cdn.thebittimes.com/images/2024/02/21/49116074cd583993ca02321c6d33fe97.webp 1024w, https://cdn.thebittimes.com/images/2024/02/21/49116074cd583993ca02321c6d33fe97.webp 300w, https://cdn.thebittimes.com/images/2024/02/21/49116074cd583993ca02321c6d33fe97.webp 768w, https://cdn.thebittimes.com/images/2024/02/21/49116074cd583993ca02321c6d33fe97.webp 1536w, https://cdn.thebittimes.com/images/2024/02/21/49116074cd583993ca02321c6d33fe97.webp 1876w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XRP/USD daily chart. Source: <em>TradingView</em> (Finbold)
  </figcaption>
 </figure>
 <p class="paragraph">In this context, Brad Garlinghouse, CEO of Ripple, gave an interview to <em>Bloomberg</em> on February 20, welcoming an XRP ETF.</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="500" data-dnt="true">
    <p lang="en" dir="ltr">JUST IN:<br><br>Brad Garlinghouse says Ripple will welcome XRP ETF</p>— Whalefud Capital (@WhaleFUD) February 21, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">However, it is important to note that this does not mean an XRP ETF is coming. Instead, this would be a desirable financial product by Ripple, the largest known XRP whale. Garlinghouse added that he believes the crypto and the finance markets would benefit from multiple ETFs around different tokens.</p>
 <p class="paragraph">All in all, neither Brad Garlinghouse’s sayings nor the massive whale accumulation were enough to pump the price. XRP still faces relevant challenges on the supply side of its economics, dealing with the monthly dumps by Ripple.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-price-forecast-as-mysterious-whale-bags-20-million-xrp-in-minutes-tbt80416.html">https://thebittimes.com/xrp-price-forecast-as-mysterious-whale-bags-20-million-xrp-in-minutes-tbt80416.html</a></p>

XRP price forecast as mysterious whale bags $20 million XRP in minutes

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