In the last 24 hours, the XRP price has shown a downward trend, failing to exceed the resistance level of $1.14. During this period, XRP whales transferred a total of 210 million tokens. These transfers coincided with rumors of a potential collaboration between Ripple 
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$0.232192.
Whales Transfer 210 Million XRP in Two Transactions
The crypto market is focused on significant XRP movements. According to Whale Alert data, 110,930,712 XRP was transferred from Binance to an unknown wallet, valued at approximately $123.59 million. In another transaction, 100 million XRP was moved between two anonymous wallets, worth around $110.17 million.
These large-scale token movements could reshape market dynamics. Such actions by whales are typically seen as precursors to significant price changes. Despite the current price correction of XRP, technical indicators keep investors’ hopes alive.
Technical Data Indicates Bullish Trend
XRP’s technical analysis data suggests that the bullish market is ongoing. The 50-day moving average has crossed above the 200-day moving average, forming a golden cross pattern, which usually indicates a long-term upward trend.
The Moving Average Convergence Divergence (MACD) indicator also continues to remain in positive territory. The increase in the MACD histogram reveals that bullish momentum is strengthening. It is anticipated that XRP could break through resistance levels based on these technical indicators.
Popular crypto analyst CrediBULL Crypto expressed that XRP could rise to $20 in this market cycle. Another analyst, Moon Lambo, recalled that XRP previously reached $2, suggesting the price could rise to between $5 and $8. Moon Lambo plans to gradually increase his positions and hold some after reaching $10.
Future price movements of XRP may be shaped by whale transactions and potential partnerships. Particularly, the rumors between Ripple and Cardano continue to influence the market. A breakout above the $1.14 resistance level could redirect investors’ attention towards new highs.
