More than $ 700 million in XRP was transferred in April, what reaches encryption whales?
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XRP publishes newspapers this month Whale Factors Through the network. In a sudden development, reports indicate that XRP whales have thrown more than $ 700 million of distinctive symbols in April. This sudden shift in the behavior of the whale raises the issue of really up to these great players.
XRP Whales Formawad 370 million icons in April
On April 15, prominent encryption analyst Ali Martinez I mentioned On x (Twitter previously) that XRP whales began to dump The popular cryptocurrency is in large sizes. After a period of A large symbol accumulationThese investors have widely sold more than 370 million XRP since the beginning of April.
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It is worth noting that this is huge Selling whale It reaches more than 700 million dollars, which leads to a wave of speculation about the intentions behind this step. And most importantly, the XRP dumps appears to be in line with Recent price fluctuationsWhere the whales tend to influence the market dynamics, especially during contraction.
The Santiment scheme presented by Martinez reveals a clear direction, from 3 to 14 April 2025, that XRP governor Reducing 100 million to 1 billion symbols has greatly reduced their holdings. As this whale advances on a large scale, The price of XRP decreased to its lowest level About April 8 and then began a fixed climb, reaching $ 2.1 at the time of writing this report.
While the reason behind such exits on a large scale is not clear, there are some reasonable explanations. Whales may benefit from the previous price gains Profit While the market conditions of XRP remain relatively stable. These investors can also respond Increase market fluctuationPaying them to convert their property into alternative assets to hedge from risks and protection from losses.
Another possibility is that these great players sell symbols between the governor or transfer them to exchanges in anticipation of an important event – perhaps The final legal decision Between Ripple and the United States Securities and Stock Exchange Committee (SEC). In less optimistic scenarios, the activity of the coordinated whale, which tends to influence prices, may be an indication of Market manipulationAnd often aims to achieve strategic gains.
Although it is certain whether the above motives lead the modern whale dumps, there is one clear one: XRP movements on a large scale always calling for close attention. With XRP now hovering about $ 2, the market is waiting to know how these sales affect the future price of the encrypted currency.
Update for the latest XRP price procedures
According to the encryption analyst Andrew Griffiths, the current XRP prices analysis Indicate Noticeably the upward trend. This momentum appeared after the encrypted currency exceeded two key Resistance levels He created a strong support level, indicating a possible escalating movement.
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As a result, the analyst predicts this XRP can register a huge gain From more than 20 % in the coming weeks. With the current symbol currently trading at $ 2.10, an increase of 20 % will bring it to about $ 2.589. Based on the upward path within Upward channel The analyst expects the price scheme, that XRP can reach $ 3.3.
Distinctive photo of Pixabay, Chart from TradingView.com
