Whale Alert reports major XRP transfers, including 800 million XRP locked in escrow, hinting at strategic market moves by Ripple.
XRP derivatives trading volume dropped by 62.11%, but a rise in long positions suggests optimism among top traders on major exchanges.
Technical indicators show bullish potential for XRP, with the RSI nearing overbought levels and the MACD suggesting upward momentum.
Ripple has locked 500 million XRP, worth $314.84 million, in escrow, as per Whale Alert, a blockchain tracking service. This follows a series of large XRP transactions, including a 200 million XRP transfer from an unknown wallet to Ripple.
Shortly after, Ripple locked 100 million XRP ($62.99 million) and another 200 million XRP ($126 million) in escrow. These transactions were followed by a massive 500 million XRP escrow lock, worth $314.84 million.
200,000,000 #XRP (126,077,285 USD) transferred from unknown wallet to #Ripplehttps://t.co/B23F1FeDHx
— Whale Alert (@whale_alert) October 1, 2024
Alongside these whale movements, XRP’s price stayed at $0.628093, with a 24-hour trading volume of $1.41 billion. XRP fell 0.81% over the last 24 hours holding a …
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