<ul> 
 <li><strong>Whale Alert reports a massive XRP transfer from Binance to an unknown wallet.</strong></li> 
 <li><strong>Mixed reactions from users on X about the large XRP accumulation.</strong></li> 
</ul>  
<p>In the face of a suffering market, Ripple’s coin has seen considerable accumulation trades. According to a <a href="https://x.com/whale_alert/status/1820409534520680649">tweet</a> from Whale Alert, 23,415,551 XRP worth $10,494,379 was transferred from a Binance wallet to an unknown wallet.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 23,415,551 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (10,494,379 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> to unknown wallet<a href="https://t.co/701bA9GG8p">https://t.co/701bA9GG8p</a></p> 
 <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1820409534520680649?ref_src=twsrc%5Etfw">August 5, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="strong-mixed-reactions-to-large-xrp-accumulation-by-anonymous-whale-strong"><strong>Mixed Reactions to Large XRP Accumulation by Anonymous Whale&nbsp;</strong></h2> 
<p>This accumulation effort by an anonymous whale comes after <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/ripple-news-xrp-price-dips-despite-settlement-hopes-and-sec-closed-meeting/" target="_blank" rel="noopener">XRP prices</a></span> fell sharply from important levels of $0.60 and $0.50. The receiving wallet currently has 32.309 million XRP tokens, indicating that this investor intends to keep the tokens for the long term.</p> 
<p>X users have had various reactions to this improvement. Some see it as an opportunity to accumulate tokens, while others believe that XRP prices will fall even more.</p> 
<p>Recently, CNF <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/xrp-faces-deeper-decline-says-popular-crypto-analyst/">revealed</a></span> that a popular analyst has predicted that XRP prices will fall further, citing Elliot Wave theory. The analyst anticipated that during the corrective wave, XRP prices would fall to $0.52 or lower before entering a comeback zone.</p> 
<p>Meanwhile, at the time of writing, Ripple’s token price is about <strong>$0.447</strong>, down <span style="color: #ff0000;"><strong>17.98%</strong></span> over the last 24 hours. The present price is much lower than the analyst’s projection, yet there is no sign of the price decline slowing.</p> 
<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>Furthermore, we previously <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/ripple-unlocks-500m-xrp-from-escrow-at-unknown-wallet/">reported</a></span> that Ripple has released 500 million XRP from escrow into an unknown wallet. This occurred when the business issued 1 billion XRP tokens at the start of August.</p> 
<p>The community’s diverse sentiments reflect the unpredictability and volatility of XRP’s market performance. As the scenario evolves, stakeholders are watching to see if this massive accumulation will have a beneficial impact on XRP’s price trajectory or if the downward trend will continue.</p>

Whale Activity: Over 23 Million XRP Transferred from Binance

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