🚨🚨🚨$XRP Price Breaks $0.59 Amid Massive Whale Activity: Will the Rally Sustain?🚨🚨🚨
XRP has surged non-stop, extending its weekly gains to 35%. Significant whale activity today has fueled speculation about the next price target.
Market Dynamics
XRP has once again generated optimism among crypto market participants, breaking the $0.59 price level. On-chain data shows that whales have moved millions of coins during this Ripple-backed token’s upswing, creating buzz about future price movements. Let's examine the asset’s current market dynamics and the next price target that crypto enthusiasts are eagerly awaiting.
Whale Activity
According to Whale Alert, an on-chain transaction tracker on X, two whales moved a total of 50.92 million XRP, worth $27.45 million, in the past day. These transactions included both accumulations and dumps.
Key Transactions
- Bitstamp Transfer: A well-known whale transferred 27.9 million XRP, worth $14.91 million, to the Bitstamp exchange.
- * Transfer: Another whale address received 23.02 million XRP, worth $12.54 million, from the Binance exchange.
Analysis
According to Santiment, this surge is linked to increasing holdings by whales with 100,000 or more XRP. This indicates strong confidence among large holders and suggests potential for further price increases.
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