- Whale Alert revealed that 30,200,000 XRP was sent from an unknown wallet to Bitstamp over the past 48 hours.
- The transfer has not been followed by a selloff yet, as XRP’s price was up 1.25% at press time.
- A significant technical flag may be triggered soon on XRP’s daily chart.
Whale Alert, the cryptocurrency whale tracking platform, revealed in an X (formerly Twitter) post yesterday that 30,200,000 Ripple (XRP) was transferred from an unknown wallet to Bitstamp. According to the post, the amount of tokens sent in this transaction was collectively valued at $14,726,855.
30,200,000 #XRP (14,726,855 USD) transferred from unknown wallet to #Bitstamphttps://t.co/LTgJ7r7sMy— Whale Alert (@whale_alert) October 15, 2023
This transfer has not been followed by an XRP selloff, as data from CoinMarketCap indicated that the remittance token achieved a gain of 1.25% over the past 24 hours. This boosted XRP’s value to $0.4915 at press time.
This positive daily performance was not enough to overcome the weekly loss that XRP recorded. Consequently, the altcoin was still down 4.51% over the past 7 days.
Daily chart for XRP/USDT (Source: TradingView)
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