Blockchain whale alert I just monitored The huge XRP transfer that includes 29,532,534 XRP to Coinbase, which is a major encryption exchange in the United States, on May 12.
This major transformation, which is worth 73,380,255 dollars, comes at a time when the last bull market appears, as the main cryptocurrency rates return to the red zone after registering tremendous gains in the previous days.
XRP remains up
Although XRP has challenged this trend because it maintains a bullish path, as a price increased by 6.87 % during the last day, the currency has slowed down its rapid rise, sitting steadily at a sign of $ 2.53 at the time of the press, according to the time of the press, according to what it said. Data From Coinmarketcap.
With the presence of XRP fixed at $ 2.63 for more than six hours during the last half of the day, its last rapid rise has stopped due to the high sales activities of investors in the short term who are looking to achieve profits.
This is evident in the latest whale activity, which included millions of XRP moved to the cryptocurrency trading platform. The data shows that the huge transfer was implemented by an unknown wallet address in one treatment, indicating a potential sale attempt by the XRP whale.
Although the reason behind the massive conversion is inconceivable, the XRP community has witnessed more major transactions during the past week, indicating an increase in trading activity between prominent investors and institutional investors.
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While XRP kept its upscale momentum despite the continuous market corrections, the currency increased dramatically by more than 139 % in the trading volume, indicating uncomfortable activities on the series between its traders.
With the presence of XRP positively, despite the pressure of the bold primary side, there are speculation that encryption has high opportunities to maintain its price above $ 2 with a mark targeting $ 3 soon.
While XRP showed signs of long -term ups, large sales of whales may threaten their capabilities to record more gains or reach $ 3 soon.
XRP positive trends have increased confidence among investors, and many expect that a new encrypted ATH currency will achieve before the end of this bull cycle.
