In the last XRP news, Ripple Whales has transferred a total of $ 782 million from XRP, which raised the market attention. Two large transactions were recorded, with 70 million XRP (148.3 million dollars) and 300 million XRP ($ 633.7 million) that were transferred to an unknown port.
These activities occurred just as the American Federal Reserve confirmed that interest rates will remain unchanged. While encryption prices responded with a slight decrease, the XRP price remains higher than the main support levels.
Whale ripple move 370m XRP coins metal
Whale Alert, a Blockchain tracking platform, said that a total of 370 million XRP symbols have been transferred in two large transfers by extended whales. The first deal witnessed that 70 million XRP moved from an unknown wallet to another. Soon after, the second transport of 300 million XRP came directly from Ripple to another unknown wallet.
these Transactions It occurred within one hour of each other and raised speculation about internal re -expansion or strategic locations. At the time of these transactions, the XRP price was slightly higher than the 2.10 dollar level. The price remained stable despite the weakness of the wider encryption market after the declaration of the Federal Reserve.
According to Santiment, extended whales with between one million and 10 million XRP have grown to 9.44 % of the total offer, up from 8.24 % in January, indicating a long -term benefit.
The Federal Reserve maintains rates, and the encryption shows a mixed response
Federal Reserve certain The interest rates will carry fixed, and are compatible with the market expectations. President Jerome Powell stated that the economic conditions are not guaranteed after the price reduction. The encryption markets, including XRP, have seen slight decreases after the announcement.
The interest rate policy is closely monitored by encryption investors. Low interest rates can pay money to high -risk assets, including encrypted currencies. Since borrowing becomes cheaper, more capital can flow into markets like encryption, while traditional savings are less attractive.
On the other hand, untented rates may slow down such flows. The XRP flexibility that exceeds $ 2.10 indicates that the whales that are expected and their senior holders may be in a long -term step instead of responding to the short -term economy decisions.
XRP LEDGER is offered with Ondo Finance to launch the Treasury box
Another major development in XRP News is the announcement of Ondo Finance about the launch of the distinguished American Treasury box on the XRP book. The fund is named on the short -term OUSG, and the fund is expected to walk within six months.
RLUSD Stablecoin from Ripple will be used for mining and redemption. This step aims to provide 24/7 access to US government assets through Blockchain. This represents a shift towards institutional class services on Professor XRP book.
Meanwhile, in other XRP news, Ripple has been confirmed The quarterly market reports will not be published. The company stated that these reports were abused during legal procedures, especially during a lawsuit with the Supreme Education Council. This step represents the end of an eight -year tradition, followed by Ripple to enhance transparency.
Technical expectations of the XRP price in the whale of the ripple
XRP price It currently keeps the support level of $ 2.10. Despite the decrease in momentum, this level has provided a base to increase potential prices. The technical chart offers a basic support area ranging between $ 1.60 and $ 1.80 and a secondary area ranging from $ 1.85 and $ 2.00. These levels are closely monitored by merchants.
The short -term resistance is about $ 2.40, and the main resistance ranges between $ 2.90 and $ 3.00. The chart also shows a rounded top near $ 3.80, indicating that XRP has recently passed a period of distribution. Market monitors note that XRP can re -test the 1.85 – 2.00 dollar range before seeing a possible bounce.
Technical indicators also offer mixed signals. The simple moving average for 50 days (SMA) is heading down and approaches SMA for 200 days. If they cross, a declining “death cross” pattern can appear, and it is often associated with the pressure of the additional downside.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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