{"id":260613,"date":"2024-03-07T13:17:37","date_gmt":"2024-03-07T07:47:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=260613"},"modified":"2024-03-07T13:17:37","modified_gmt":"2024-03-07T07:47:37","slug":"xrp-whales-relocate-66-mln-coins-as-price-eyes-1-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-whales-relocate-66-mln-coins-as-price-eyes-1-crypto-news\/","title":{"rendered":"XRP Whales Relocate 66 Mln Coins As Price Eyes $1 – Crypto News"},"content":{"rendered":"

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The Ripple-backed token, XRP, appears to have birthed a torrent of speculative buzz across the cryptocurrency realm today, March 7, as it registered massive whale activity over the past 24 hours. Insights unveiled by the blockchain tracker Whale Alert spotlighted four noteworthy transactions, shifting roughly 66.06 million XRP, piquing the interest of crypto market traders and investors as XRP regained an upward momentum, per CoinMarketCap\u2019s data.<\/p>\n

Meanwhile, with optimism orbiting the Ripple-backed token\u2019s potential run to $1 prevailing within the broader crypto market, these transactions birthed additional inferences among crypto market enthusiasts as derivatives data hinted at a bearish sentiment prevailing. However, XRP traded in the green as of press time, adding up to the speculative buzz.<\/p>\n

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XRP Whale Transactions: A Detailed Report<\/h2>\n

According to the data revealed by the blockchain tracker mentioned above, two whale transactions collectively showcased XRP accumulated from Binance, the world\u2019s leading cryptocurrency exchange, whereas a renowned XRP whale shifted coins to CEXs Bitstamp and Bitso in two separate transactions.<\/p>\n

The amount of coins accumulated from Binance totaled 37.06 million XRP, with the wallet addresses \u2026gFsPn2bZKk and \u2026GRbuXFLQkK, accumulating 18.72 million and 18.34 million XRP coins, respectively. While on the other hand, the wallet address ..5XgwHh4Rzn shifted 17.20 million and 21.80 million XRP coins to Bitso and Bitstamp, respectively.<\/p>\n

These transactions rode a wave of mixed sentiments within the market, with accumulations portraying whales\u2019 confidence in the asset and the renowned XRP whale\u2019s dump contrasting this sentiment.<\/p>\n

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Meanwhile, with the Ripple-backed token regaining its upward movement today, crypto market enthusiasts speculate over the altcoin\u2019s run to the highly optimistic $1 level.<\/p>\n

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Also Read: Bitcoin (BTC) Price to Hit $300K in 2024, Predicts \u201cRich Dad Poor Dad\u201d Robert Kiyosaki<\/a><\/strong><\/p>\n

XRP Price Soars<\/h2>\n

As of writing, the XRP price<\/a> noted an uptick of 4.25% over the past 24 hours and is currently trading at $0.6178.<\/p>\n

Notably, in contrast to the token\u2019s today\u2019s upward movement, derivatives data unveiled by Coinglass<\/a> showcased a bearish sentiment existing within the market. The token\u2019s open interest dropped 2.62%, whereas volume fell 47.81%, hinting at short sellers covering positions.<\/p>\n

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However, with trading view\u2019s data hinting at a buying sentiment among investors, accompanied by the whales\u2019 massive accumulation, crypto market enthusiasts appear to be optimistic about the altcoin\u2019s potential run to $1.<\/p>\n

As reported<\/a> by CoinGape Media earlier, top analysts such as Dark Defender and Egrag Crypto retained their bullishness on XRP\u2019s run to $1, adding up to the optimism and making waves throughout the cryptocurrency trading landscape.<\/p>\n

Also Read: Bitcoin ETF Inflow: Fidelity Influx Surges To $206M Amid Grayscale\u2019s Exodus<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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The Ripple-backed token, XRP, appears to have birthed a torrent of speculative buzz across the cryptocurrency realm today, March 7, as it registered massive whale activity over the past 24 hours. Insights unveiled by the blockchain tracker Whale Alert spotlighted four noteworthy transactions, shifting roughly 66.06 million XRP, piquing the interest of crypto market traders […]<\/p>\n","protected":false},"author":2,"featured_media":242198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-260613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=260613"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260613\/revisions"}],"predecessor-version":[{"id":260615,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/260613\/revisions\/260615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/242198"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=260613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=260613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=260613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}