{"id":35247,"date":"2024-01-18T20:53:30","date_gmt":"2024-01-19T00:53:30","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=35247"},"modified":"2024-01-18T20:53:30","modified_gmt":"2024-01-19T00:53:30","slug":"245-million-whale-wakes-up-to-threaten-xrp-price-recovery","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/18\/245-million-whale-wakes-up-to-threaten-xrp-price-recovery\/","title":{"rendered":"$245 Million Whale Wakes Up To Threaten XRP Price Recovery"},"content":{"rendered":"

A recent transaction by an XRP whale<\/a> is currently threatening XRP\u2019s price recovery. This particular address is known to have moved all their XRP holdings worth millions of dollars, a move that the XRP community<\/a> fears could cause a downturn<\/a> in the token\u2019s price.\u00a0<\/p>\n

Whale Moves Over 443 Million XRP<\/h2>\n

Data from blockchain tracker Whale Alert shows that an unknown address linked to crypto Bitvavo sent 443,112,410 XRP to another unknown address that is linked to Bitvavo. Interestingly, data<\/a> from the XRP Scan shows that the receiving address was just activated prior to when the transaction occurred.\u00a0<\/p>\n

While the reason for this recent transaction remains unclear, such moves are always known to stir the crypto community as they raise speculations of a sell-off or an impending one. Dumping XRP tokens of such magnitude will no doubt have an impact on XRP\u2019s price<\/a> and could cause the token to decline further.\u00a0<\/p>\n

Whale transactions involving XRP seem to have become a common trend, with Bitcoinist and NewsBTC reporting<\/a> on several occasions how a significant amount of the token has been moved from one address to another. Last week, over 63 million XRP tokens were moved<\/a> in two different transactions between crypto exchanges and unknown wallets.\u00a0<\/p>\n

Meanwhile, it is worth mentioning that the address that received the 443 million XRP is yet to make any move, as on-chain data<\/a> shows that there haven\u2019t been any outflows or inflows since then. That should calm fears about any impending selloff, as the move might have been made as a security measure to secure the funds.\u00a0<\/p>\n\n

All Is Well That Ends Well For XRP Price<\/h2>\n

XRP holders have continued to worry<\/a> about XRP\u2019s stagnant price action, with the token failing to make a significant price move up since losing its gains from Judge Anlaisa Torres\u2019 ruling<\/a>. However, going by Crypto Rover\u2019s prediction<\/a>, these concerns may soon be a thing of the past as XRP is expected to make a parabolic move in the \u201cupcoming 8 weeks.\u201d<\/p>\n

Crypto analyst Egrag Crypto<\/a> has also continued to urge the XRP community to focus on the bigger picture rather than worrying about XRP\u2019s current price level<\/a>. This big picture includes his prediction that XRP could rise to as high as $27<\/a> in the next bull run. If these predictions somehow manage to materialize, then there\u2019s definitely a happy ending for XRP holders.\u00a0<\/p>\n

Therefore, XRP\u2019s tepid price looks like a small price to pay for the good things that possibly lie ahead for those who hold steadfast to their conviction that XRP will witness a parabolic move at some point.\u00a0<\/p>\n

At the time of writing, XRP is trading at around $0.56, down in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

A recent transaction by an XRP whale<\/a> is currently threatening XRP\u2019s price recovery. This particular address is known to have moved all their XRP holdings worth millions of dollars, a move that the XRP community<\/a> fears could cause a downturn<\/a> in the token\u2019s price.\u00a0<\/p>\n

Whale Moves Over 443 Million XRP<\/h2>\n

Data from blockchain tracker Whale Alert shows that an unknown address linked to crypto Bitvavo sent 443,112,410 XRP to another unknown address that is linked to Bitvavo. Interestingly, data<\/a> from the XRP Scan shows that the receiving address was just activated prior to when the transaction occurred.\u00a0<\/p>\n

While the reason for this recent transaction remains unclear, such moves are always known to stir the crypto community as they raise speculations of a sell-off or an impending one. Dumping XRP tokens of such magnitude will no doubt have an impact on XRP\u2019s price<\/a> and could cause the token to decline further.\u00a0<\/p>\n

Whale transactions involving XRP seem to have become a common trend, with Bitcoinist and NewsBTC reporting<\/a> on several occasions how a significant amount of the token has been moved from one address to another. Last week, over 63 million XRP tokens were moved<\/a> in two different transactions between crypto exchanges and unknown wallets.\u00a0<\/p>\n

Meanwhile, it is worth mentioning that the address that received the 443 million XRP is yet to make any move, as on-chain data<\/a> shows that there haven\u2019t been any outflows or inflows since then. That should calm fears about any impending selloff, as the move might have been made as a security measure to secure the funds.\u00a0<\/p>\n

All Is Well That Ends Well For XRP Price<\/h2>\n

XRP holders have continued to worry<\/a> about XRP\u2019s stagnant price action, with the token failing to make a significant price move up since losing its gains from Judge Anlaisa Torres\u2019 ruling<\/a>. However, going by Crypto Rover\u2019s prediction<\/a>, these concerns may soon be a thing of the past as XRP is expected to make a parabolic move in the \u201cupcoming 8 weeks.\u201d<\/p>\n

Crypto analyst Egrag Crypto<\/a> has also continued to urge the XRP community to focus on the bigger picture rather than worrying about XRP\u2019s current price level<\/a>. This big picture includes his prediction that XRP could rise to as high as $27<\/a> in the next bull run. If these predictions somehow manage to materialize, then there\u2019s definitely a happy ending for XRP holders.\u00a0<\/p>\n

Therefore, XRP\u2019s tepid price looks like a small price to pay for the good things that possibly lie ahead for those who hold steadfast to their conviction that XRP will witness a parabolic move at some point.\u00a0<\/p>\n

At the time of writing, XRP is trading at around $0.56, down in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-35247","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=35247"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35247\/revisions"}],"predecessor-version":[{"id":35255,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35247\/revisions\/35255"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35247"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}