200 Million XRP On The Move—Is Ripple Preparing For A Big Play?
Ripple’s XRP has been one of the hottest cryptos in the market thanks to its impressive price performance, especially after US President Donald Trump’s reelection. Trading below $1 for most of 2024, XRP hits its stride days after the November elections, breaking the $1 level on November 6th, and the $2 barrier by December 2nd, then surging past $3.30 on January 18th. Now, Ripple is back in the news for moving 200 million XRPs valued at around $457 million. This massive transfer, often associated with “whale transactions,” caught the attention of many and has led many to speculate. Related....
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After dropping to less than $2 last March 11th, Ripple’s XRP springs back to life and it’s currently trading between $2.30 and $2.40. And with the US Securities and Exchange Commission vs Ripple case nearing its resolution, the market can expect more price volatility for this digital asset. Related Reading: 200 Million XRP On The Move—Is Ripple Preparing For A Big Play? Within this context, market analyst Ali Martinez boldly claims that Ripple’s native coin still have the legs to hit a two-digit figure this cycle, using an extensive symmetrical triangle formation as a solid basis.....
Ripple started a downside correction below $0.6500 against the US Dollar. XRP price is likely preparing for the next major move, similar to bitcoin and ETH. Ripple corrected lower, but it remained stable above $0.6000 against the US dollar. The price is struggling to clear $0.6500, but it is well above the 100 simple moving […]
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