Over the past 24 hours, XRP has seen large transactions totaling $44 million, indicating notable activity from whales and large investors. These transactions include:
• 18.7 million XRP ($27.2 million) transferred from Binance to an unknown wallet.
• 25 million XRP ($36.7 million) transferred from Upbit to an unknown wallet.
The meaning of big deals
Transfers of XRP from exchanges to private wallets are often seen as a sign of long-term accumulation, a potential reduction in exchange liquidity, and possibly a move to prepare for bullish phases. Analysts say increased whale activity could signal major price movements in the future.
XRP Price Prediction
Analyst StephIsCrypto believes that XRP is preparing for a significant price increase, with a potential target of up to $33.21. Supporting factors include:
• Strong recovery of the cryptocurrency market.
• Growing XRP adoption globally.
• Ripple's recent legal victories reduce regulatory risks and boost investor confidence.
Over the past seven days, XRP has gained more than 30%, partly due to optimism surrounding the market and positive technical signals.
Challenges and bigger goals
Popular analyst Egrag Crypto pointed out that XRP is facing resistance from the Sky Dome, a descending trendline that stretches back to 2017. He noted:
• If XRP breaks this resistance level, the market could enter a “space expansion” phase.
• XRP market dominance could increase to double digits, creating strong momentum for price.
The 5.75% dominance mark is an important target. If surpassed, XRP price could increase significantly, changing the landscape of the crypto market.
Conclude
Large transactions, positive signals from analysts, and support from Ripple's legal victories have created bullish sentiment for XRP. With these positive factors and the overall market recovery, XRP has the potential to enter a significant growth phase in the near future.
