COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Whales Drive Significant XRP Movements
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ripple (XRP) > Whales Drive Significant XRP Movements
Ripple (XRP)

Whales Drive Significant XRP Movements

In Brief

  • Whales moved 86.68 million XRP in the last 24 hours.

  • XRP's price dropped by 2.19%, trading at $0.4865.

  • RSI indicates bearish momentum for XRP.

COINTURK NEWS
COINTURK NEWS 12 months ago
Share
SHARE

Amid the recent turbulence in the cryptocurrency market, XRP, one of the largest altcoins by market capitalization, has caught the attention of investors. The altcoin, fluctuating around $0.5, has become a focal point for large investors known as whales, who moved approximately 87 million XRP in the last 24 hours. This whale activity has sparked speculation about XRP’s future price trajectory.

Contents
XRP Movements Among WhalesXRP Price Analysis

XRP Movements Among Whales

According to the blockchain transaction monitoring platform Whale Alert, 86.68 million XRP were moved between exchanges and unknown wallets in the last 24 hours. This movement highlights significant accumulations and dumps for XRP. Notably, two large whales purchased more XRP from Binance despite the altcoin’s recent price drop near the $0.5 level. In contrast, a leading XRP whale has been consistently offloading significant amounts of tokens to the Luxembourg-based exchange Bitstamp.

Addresses rfQ9EcLkU6 and rarG6FaeYh purchased 30.40 million and 26.44 million XRP respectively, totaling $28.24 million in acquisitions. Conversely, the XgwHh4Rzn address dumped 29.88 million XRP worth $14.83 million. These transactions triggered various reactions across the cryptocurrency market, indicating both buying and selling pressure on the altcoin.

XRP Price Analysis

XRP’s price chart showed mixed trading sessions oscillating between red and green zones, predominantly leaning towards negative trades. As of now, XRP’s price has dropped by 2.19% in the last 24 hours, trading at $0.4865. The altcoin’s lowest and highest prices in the last 24 hours were $0.4849 and $0.5053 respectively, reflecting ongoing volatility.

Despite the price drop, XRP’s open interest (OI) in futures slightly increased by 0.27%, and derivative volume surged by 238.44%. This rise indicates growing interest in the asset marked by increased market activity among investors. However, the Relative Strength Index (RSI) stands at 34.35, indicating bearish momentum. The RSI confirms XRP’s downward trend.

Looking ahead, additional buying pressure could push XRP to break the significant support level of $0.52. Conversely, increasing selling pressure could drag the altcoin further down a bearish trajectory.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Traders Navigate Tariff Tensions to Predict Shiba Coin and XRP Movements

Ripple’s XRP Faces New Challenges as Market Dynamics Shift

Ripple’s Bold Legal Stand Reignites XRP Conversations

Ripple CEO Urges Unity Between Crypto Communities to Challenge Global Banking

XRP Faces Potential Downtrend as Bearish Pattern Emerges

COINTURK NEWS 11 June, 2024 - 11:56 am 11 June, 2024 - 11:56 am
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin Faces Resistance and Drops Significantly
Next Article What is Acala Coin?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Crytocurrency Predictions: Solana, Chiliz, and CEEK’s Future Unveiled
Altcoin News
Get Excited: Crypto Markets Battle Through Economic Turmoil
Economy
Powell’s Unexpected Remarks Engage Economists After Trump Meeting
Economy
Geopolitical Events Redirect Cryptocurrency Dynamics
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?