XRP Whales Are On The Move Again, But Are They Bullish Or Bearish?

XRP Whales Are On The Move Again, But Are They Bullish Or Bearish?

XRP could continue a price correction in the short term as recent price action has put it rebounding against a resistance level of $0.5. On-chain data has also revealed a row of transactions from whales of the cryptocurrency in the past 24 hours, but are they bullish or bearish on XRP? These large transactions have been a mix of both, although the trading volume of each transaction could point to them being bearish rather than bullish.  XRP Whales On The Move Large XRP transactions, often indicators of whale activity, have spiked recently. XRP has seen some major whale movements over the....


Related News

Ethereum Whales May Be Bearish Towards Shiba Inu As Balance Drops Below $1 Bi...

  Ethereum whales are no doubt some of the biggest fans of meme coin Shiba Inu but it seems even the whales are starting to feel the heat of the downtrend. This has resulted in the top whales significantly decreasing their holding in the digital asset. Now, these whales still hold a reasonable portion of […]

Whales Sell Down Bitcoin Rally: Why This Is Fundamentally Bullish For Crypto

Bitcoin price is now below $18,000 and the distance from the all-time high set just weeks ago is increasing by the day. The incredible rally of 2020 might have now come to an end, with the tipping point caused by some of the largest cryptocurrency whales offloading their coins. And while things are likely to turn bearish as a result in the short-term, the whale-driven selloff is ultimately bullish for Bitcoin in the long run. […]

FTX Token Trading Volume Shows Ethereum Whales Are Becoming Bullish

The Ethereum whales have been bullish on FTX Token for a while. The token had even successfully taken over as the largest holding by dollar value for the top Ethereum whales. However, this would quickly change during the market crash as other better performing tokens had taken over. This would prove to be only short-lived […]

Bitcoin Bearish Signal: Exchange Whale Ratio Is Trending Up

On-chain data shows the Bitcoin exchange whale ratio has been going up recently, something that may be bearish for the price of the crypto. Bitcoin Exchange Whale Ratio Has Been Going Up In Recent Weeks As pointed out by an analyst in a CryptoQuant post, the current BTC whale ratio value suggests whales are still selling large amounts. The “exchange whale ratio” is an indicator that measures the ratio between the sum of the top ten Bitcoin transactions to exchanges and the total exchange inflows. In simpler terms, what this metric tells is how much of the total inflows to....

FTX Token Becomes Second-Largest Holdings Among Ethereum Whales

FTX Token has now become the largest token holding among the top 100 Ethereum whales, second only to their ETH holdings. These whales have always been bullish on the cryptocurrency but have mainly ramped up their holdings in the past few months. The pattern of accumulation suggests that these whales are moving out of favorites […]