As whales step up their moves, a huge reserve of 51 million XRP is transferred from Binance

Recently, 51 million XRP was transferred from Binance to an unknown address, showing active participation by large investors. In addition, 26 million XRP was transferred from Binance to other places.

The trend of large investors adjusting their asset allocation has an impact on market sentiment.

The recent price of XRP fluctuates around $0.48, close to the 50-day simple moving average and the key support level of $0.46.

The key support level below is $0.46, which may test $0.41 if it breaks. Bulls may intervene in this range.

Bulls are trying to push the price of XRP above $0.50, and if successful, it may rise further to $0.57.