XRP Breaks Out With $44 Million Token Transfers – Is a Bull Run Imminent?

In the past 24 hours, XRP has seen large transactions totaling $44 million, indicating significant activity from whales and large investors. These transactions include:

• 18.7 million XRP ($27.2 million) transferred from Binance to an unknown wallet.

• 25 million XRP ($36.7 million) transferred from Upbit to an unknown wallet.

What the Large Transactions Mean

XRP transfers from exchanges to private wallets are often seen as a sign of long-term accumulation, potential liquidity loss on exchanges, and possibly a move to prepare for bull runs. Analysts say increased whale activity could signal major price movements in the future.

XRP Bullish Prediction

Analyst StephIsCrypto believes that XRP is poised for a significant rally, with a potential target of $33.21 in the next two to three years. Supporting factors include:

• A strong recovery in the cryptocurrency market.

• Growing global adoption of XRP.

• Ripple’s recent legal victories, which reduce regulatory risk and boost investor confidence.

XRP has gained more than 30% in the past seven days, partly due to optimism around the market and positive technical signals.

A bigger challenge and target

Prominent analyst Egrag Crypto has pointed out that XRP is facing resistance from the Sky Dome, a descending trendline that stretches back to 2017...

Source: Social Network