#WHALESIN ACTION
Ripple whales move almost 900 million XRP
Ripple whales have moved almost 900 million XRP between anonymous addresses this weekend.
Busy weekend for Ripple as whales have moved nearly 900 million XRP between anonymous addresses valued at $569.4 million, according to Charles Thuo at Coin Journal.
Two major transactions, one involving 425,807,780 XRP and the other moving 424,307,758 XRP, were made through wallets with unregistered owners. At the time of these transfers, the transactions were valued at $288,496,378 and $281,090,947, for a total of 850.1 million XRP or $569.4 million.
XRP Whales' Massive XRP Transfers Underscore the Ever-Evolving Nature of the Market
Ripple Labs' strategic moves
Last week, Ripple Labs, the driving force behind XRP, was also in action. The fintech giant initiated a transfer of 100 million XRP between its wallets.
Additionally, Ripple Labs carried out regular transfers to crypto exchanges Bitstamp and Bitso via Ripple-related wallets. Both Bitstamp and Bitso have been long-time Ripple partners, actively participating in Ripple Payments, the evolution of what was previously known as on-demand liquidity (ODL) service.
Ripple is trading lower today, Monday, at $0.6470. The 70 and 200 period moving averages remain below the price, RSI is down at 63 points and the MACD lines are above the zero level.
Medium-term support is at $0.4590. Meanwhile, Ei indicators are mixed.
