Recently, a significant event occurred on the blockchain. Someone, whose identity we do not know, let’s call him 'Ripple Whale', suddenly transferred 60 million XRP, which amounts to approximately 132 million USD! However, we cannot determine who the wallets of the sender and receiver belong to, so everyone has started to guess why the money was transferred and where it went.
Regarding this large sum of money, some believe it might be an over-the-counter transaction, which is a trade conducted privately between two parties without going through an exchange. Since such transactions are not public, they do not have a significant impact on the market. Others think that it might be a large holder adjusting their investments, which is what is referred to as 'whales' moving their positions.
So how will the price of XRP move next? There is a well-known cryptocurrency analyst named Brett, who often shares his thoughts online. Brett mentioned that XRP seems to have broken out of a triangular price chart and advised everyone not to be too pessimistic. Although the market isn’t great right now, we need to hold on. 'Surviving in the bear market of XRP is the hardest, don’t let this bull market scare you away just as it’s starting,' Brett said.
Brett also looked at the charts and felt that if XRP could continue to rise, it might do so quite sharply. He believes that if the price can stabilize in the range of 3.62 to 4.3 USD, XRP might possibly surge to 5.73 USD, which would be a significant increase!
Currently, everyone is watching this transaction, wanting to see if this money will circulate again or if it will be used for something significant. If it is indeed an over-the-counter transaction, it might not have a major impact on the market. It’s that simple, got it?
As for the future strategy, I will guide everyone to aim for lucrative opportunities in altcoins, especially those projects with high potential, where an expected return of over ten times is not a problem. If you want to make big money in the bull market, like and comment, and I will take you through the entire bull market!
