✖️ XRP Forecast For This Week

According to Whale Alert, on October 9, Ripple transferred 60 million XRP worth $30.9 million from a Ripple wallet to an unknown address. This transfer is fueling speculation of fresh momentum in XRP's price as the price continues to trade near the key $0.50 support..

🗣 It turned out that the unknown wallet belongs to Ripple and

was activated in 2021. It currently holds 67.80 million XRP. Ripple typically transfers XRP to the target escrow wallet after 1 billion XRP is unlocked to maintain liquidity. 800 million XRP returned to escrow. And in

at the same time 60 million arrived

of the remaining 200 million XRP.

📈 Long-term XRP trend

remains upward and since the price is now moving around

trend line, this may be a good opportunity to open Long trades with fixation at the upper limit of the trading range around $0.55

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