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Word of the day BinanceSeason all words right 100% 3️⃣BTC 4️⃣YEAR 5️⃣DAILY 6️⃣REVIEW _ SEASON _ REWARD _ UNWRAP 7️⃣FESTIVE _ OFFLINE _ MEETUPS 8️⃣GIVEAWAY _ DISCOVER _ SURPRISE _ DECEMBER _ CALENDAR
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Ripple Whale Shifts $132M in XRP, What’s Happening? $XRP A massive Ripple whale transaction involving 60 million XRP, valued at approximately $132.2 million, was recently observed on the blockchain. In this case, both the sender and receiver wallets remained unidentified. Thus, the transaction has sparked speculation about its purpose. Ripple Whale Makes Big Move Some analysts suggested that the Ripple whale could represent an over-the-counter (OTC) sale, which typically avoids immediate market impact as it is carried out via an offline mode. Others believe it could be a portfolio adjustment by a large holder, commonly referred to as a whale. What’s Next For XRP Price? Prominent crypto analyst Brett, known for his insights shared on X (formerly Twitter), highlighted that XRP has broken out of a symmetrical triangle pattern. He urged investors to remain optimistic despite the recent downturn. “Surviving the XRP bear market was the hard part. Don’t let this bull market shake you out now,” Brett emphasized. Brett’s technical analysis suggests that XRP could experience a significant upward trajectory if bullish momentum takes over. He identified a crucial support range between $3.62 and $4.30. A sustained breakout above this level could potentially propel the token toward $5.73, marking a substantial rally. Market observers are closely monitoring the transaction’s implications. If the funds re-enter circulation or are used in significant trades, it could influence short-term market volatility. On the other hand, an OTC deal would likely have minimal immediate impact.
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XRP price slowly forms a rare pattern: is a rebound coming? Ripple XRP XRP retreated to $2.14 on Monday, a 26% decline from its highest level this month, meaning that it has moved into a bear market. XRP’s drop happened as its social sentiment score and futures open interest continued falling. According to CoinGlass, the futures open interest dropped to $1.89 billion on Monday, down from the year-to-date high of over $4.29 billion. Ripple’s daily volume has also dropped in the past few weeks as its momentum waned. Its 24-hour volume was over $10 billion, much lower than what it handled a few weeks ago. #ChristmasMarketAnalysis $XRP
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Word of the day #BinanceSeason all words right 100% 3️⃣BTC 4️⃣YEAR 5️⃣DAILY 6️⃣REVIEW _ SEASON _ REWARD _ UNWRAP 7️⃣FESTIVE _ OFFLINE _ MEETUPS 8️⃣GIVEAWAY _ DISCOVER _ SURPRISE _ DECEMBER _ CALENDAR
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$BTC $818 Million in Bitcoin (BTC) Change Unknown Hands The calm of Sunday morning was shattered today by a sudden massive Bitcoin (BTC) shift. According to a report by Whales Alert, 8,427 BTC, equivalent to $818.69 million, were shifted between two unknown wallets. If the recipient's wallet under the address "bc1q5x" is indeed unknown and has never been used, the sender's wallet has some links that may reveal the real owner behind it. As Arkham Intelligence's data shows, the address "bc1qe9" has previous ties to alleged Fortress Trust — a major custodian. Interestingly, the company was on the verge of being acquired by Ripple last year, but the deal was called off. Whether this colossal amount of Bitcoin belongs to Fortress Trust or their former client is unknown. What is known is that such large transfers always have a ripple effect on the market and its participants. Big moves like this don't usually go unnoticed, and for good reason. They tend to cause major market swings, especially on days when there's not a lot of trading activity. When there's less liquidity, even just the possibility of a follow-up move can make things more volatile. When you see a transfer this big, especially outside of centralized exchanges, it's got to be more than just your everyday trading. The implications? It is not something you can just ignore. These transfers are rarely just random. They are probably a sign of something bigger, like a strategic move, a change in the way big institutions are working together, or maybe even a new push into the market. ( #BTCOutlook )
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