- Whale activity in XRP market signals potential volatility with significant transfers to major exchanges.
- XRP consolidates between $0.520 support and $0.528 resistance, indicating short-term price stability.
- RSI at 49.85 and MACD above signal line hint at possible upward momentum for XRP amidst market fluctuations.
Recent large-scale XRP transfers have captured the market’s attention.
Whale Alert reported a 29.85 million XRP transfer (worth $15.52 million) from an unknown wallet to Bitso, followed by a 28.89 million XRP transfer ($15.03 million) from another unknown wallet to Bitstamp.
29,850,000 #XRP (15,522,089 USD) transferred from unknown wallet to #Bitsohttps://t.co/xH1ygTWzLM— Whale Alert (@whale_alert) June 6, 2024
Notably, Ripple transferred 150 million XRP ($78.21 million) to an undisclosed wallet. These substantial movements have heightened scrutiny of XRP’s current market position and price trends.
28,890,000 #XRP (15,025,812 USD) transferred from unknown wallet to #Bitstamphttps://t.co/Xn04UxVynf— Whale Alert (@whale_alert) June 6, 2024
XRP is currently trading at $0.5245, up slightly by 0.08% over the past 24 hours. Its marke…
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