Whale Alert, a platform that tracks cryptocurrency whales, reported that yesterday, an unknown wallet transferred 30,200,000 Ripple (XRP) to Bitstamp, valued at $14,726,855. Despite this large transfer,
XRP did not experience a selloff and saw a gain of 1.25% in the past 24 hours, reaching a value of $0.4915.
However, XRP had previously recorded a weekly loss of 4.51%. XRP was attempting to surpass the 9-day EMA line at $0.5017, and a daily candle closing above this indicator could signal support to break the $0.5165 resistance level and lead XRP to climb towards $0.5670. A failure to break this technical indicator would result in XRP potentially dropping to immediate support at $0.4585.
The daily RSI line is approaching the daily RSI SMA line, indicating buyers' strength against sellers, and if they cross, it could lead to a bullish rise in XRP's price to $0.5670. This article is for informational purposes only, and Coin Edition is not responsible for any financial losses incurred from using the content or services mentioned. Readers are advised to exercise caution before making any decisions related to the company.
