Whale's Transfer 48.2 Million XRP to Exchanges. $XRP

On January 12th, Whale Alert reported two substantial transactions involving 48.2 million XRP transferred to centralized exchanges Bitstamp and Bitso. The funds originated from an anonymous wallet (r4wf7…) known for similar transfers. Notably, Ripple's strategic buyback announcement on these exchanges coincided with these transactions, suggesting a connection.

Specifically, 23.6 million XRP went to Bitstamp, and 24.6 million XRP to Bitso from the whale-level wallet. These transactions coincide with a partial surge in XRP's price, indicating a potential shift in market sentiment for the altcoin.

Price Dropped Expected for XRP.

As of the article's preparation, XRP showed a modest 0.71% price increase in the last 24 hours, reaching $0.5969, with a 3.87% weekly gain. Notably, Cryptoes, a prominent analyst, has sparked speculation within the XRP community by identifying market dynamics that suggest the altcoin may be entering a downtrend, potentially retracing to the lower support at $0.578 after closing below the 21MA and green resistance.