<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-influence-xrp-price-movement/" data-wpel-link="internal">Whales Influence XRP Price Movement</a><br></p>
<p class="p1" style="text-align: justify">One of the largest cryptocurrencies by global market value, <strong><a href="https://en.coin-turk.com/xrp-could-break-all-time-high-with-imminent-golden-cross-says-analyst/" data-wpel-link="internal">XRP</a></strong>, has recently entered a downward trend, falling to a price level of $0.48 amid consolidation. XRP’s price trajectory decreased further today, with XRP whales moving to sell approximately 64 million XRP in the last 24 hours.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-with-xrp">What’s Happening with XRP?</h2> 
<p class="p1" style="text-align: justify">Notably, on-chain statistics show that two separate whale transactions collectively facilitated the transfer of 64.54 million XRP. While a famous whale continues to add assets, another renowned whale is offloading their holdings. According to data revealed by the blockchain data analysis platform <strong>Whale Alert</strong>, 32.89 million XRP worth $15.75 million were accumulated at Binance’s rarG6FaeYh address. Conversely, the 5XgwHh4Rzn address transferred 31.65 million XRP worth $15.14 million to Bitstamp. One of these transactions is progressing as a bullish factor, while the other is developing in the opposite direction.</p> 
<p class="p1" style="text-align: justify">It is worth noting that the ..Rzn address is a well-known XRP whale that continuously transfers funds to the Bitstamp and Bitso exchanges. Meanwhile, the rarG6… whale started accumulating XRP amid the cryptocurrency’s recent decline near the $0.5 price level.</p> 
<p class="p1" style="text-align: justify">These transactions have sparked mixed feelings among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> regarding XRP’s future price trajectory, creating a stark contrast. Simultaneously, <strong>XRP</strong> has shown a turbulent price movement predominantly in the negative zone in recent days, reflecting the tumultuous price action emerging with these transactions.</p> 
<h2 class="p1" style="text-align: justify" id="xrp-chart-analysis">XRP Chart Analysis</h2> 
<p class="p1" style="text-align: justify">As of the time of writing, XRP was trading at $0.4814, down 1.28% in the last 24 hours. The token’s 24-hour lows and highs were $0.4726 and $0.487, respectively, indicating a tight trading session.</p> 
<p class="p1" style="text-align: justify">Weekly charts show that XRP’s <a>price</a> has consolidated below the $0.5 level since June 8, with the trajectory finally dropping to $0.48 yesterday. Moreover, the token showed signs of a pullback with an 8.52% decline over the same period. This situation has heightened investors’ serious concerns <a href="https://newslinker.co/" target="_blank" rel="noopener" data-wpel-link="exclude">about future</a> movements.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-361535 size-full" src="https://coin-turk.com/wp-content/uploads/2024/06/xrp-5.png" alt="" width="2513" height="1183"></p> 
<p class="p1" style="text-align: justify">Meanwhile, the RSI dropped further, approaching 33, highlighting the downward pressure on the asset. However, this could also mean that XRP is reaching the oversold zone, potentially leading to a price increase.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/whales-influence-xrp-price-movement/" data-wpel-link="internal">Whales Influence XRP Price Movement</a></h5>

Whales Influence XRP Price Movement

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