Ripple whale makes a big move, 132 million XRP transferred, what's going on?
Recently, someone on the blockchain discovered that a Ripple whale has made a significant move, transferring 60 million XRP, totaling 132.2 million USD. However, both the sender and receiver's wallets are hidden, and it's unclear who they are. This has sparked curiosity among everyone about the reason behind this transaction.
What is this Ripple whale up to?
Some analysts believe this could be a quiet over-the-counter (OTC) transaction, as it didn't follow the usual channels, so there hasn’t been much movement in the market. Others think it might be a big player (whale) adjusting their portfolio.
What’s next for XRP?
Brett, a well-known analyst in the crypto circle, who used to share his views on X (formerly known as Twitter), stated that XRP recently broke through a symmetrical triangle pattern. He advised everyone to stay optimistic despite the recent slump. “Surviving in the bear market of XRP is what’s truly difficult,” Brett said, “Don’t let this bull market scare you away.” His technical analysis suggests that if the upward momentum prevails, XRP could soar high. He mentioned that the resistance at 3.62 to 4.3 USD is crucial, and if it breaks through, it might reach 5.73 USD, which would be impressive.
The market is closely watching this transaction; if this money circulates again or is used in a major trade, there could be some minor fluctuations in the market. However, if it’s an OTC transaction, it basically won’t have much impact.
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