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<p>The post <a href="https://coinpedia.org/news/xrp-whale-moves-54-million-tokens-to-bitstamp-selloff-incoming/" rel="noopener noreferrer nofollow">XRP Whale Moves 54 Million Tokens to Bitstamp, Selloff Incoming?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>In the last 24 hours, an XRP whale wallet address “r4wf7” moved a significant 54.4 million tokens worth $31 million to the Bitstamp wallet address “rDsbeomae4…g9vDiTCdBv,” as reported by the blockchain transaction tracker <a href="https://x.com/whale_alert/status/1822711316773011611" target="_blank" rel="noopener noreferrer nofollow">Whale Alert</a>. The owner of this wallet is still unknown.&nbsp;</p>
<h2 class="wp-block-heading" id="h-xrp-whale-transferred-54m-tokens-to-exchange-nbsp"><strong>XRP Whale Transferred 54M Tokens to Exchange&nbsp;</strong></h2>
<p>Additionally, the whale transferred these massive tokens through two separate transactions of the same amount within 24 hours.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <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;"> 27,050,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (15,403,350 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitstamp</a><a href="https://t.co/ivxxMRjVnm" rel="noopener noreferrer nofollow">https://t.co/ivxxMRjVnm</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1823079580753698933?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 12, 2024</a>
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<p>Despite this massive tokens transfer, XRP is still trading above $0.567 and has experienced a price surge of over 2.3% in the last 24 hours. Meanwhile, its trading volume has also increased by 45% during the same period. This rise in the trading volume suggests higher participation from traders and investors.</p>
<h2 class="wp-block-heading" id="h-xrp-price-prediction-nbsp"><strong>XRP Price Prediction&nbsp;</strong></h2>
<p>According to expert technical analysis, XRP is at a crucial support level and also at the 200 Exponential Moving Average (EMA) on both the 4-hour and daily time frames. However, in the last four trading days, it has been continuously falling in a lower high and lower low pattern in a 4-hour time frame.</p>
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/08/13024642/XRPUSDT_2024-08-13_02-46-28.png" rel="noopener noreferrer nofollow"><img decoding="async" width="1024" height="448" src="https://image.coinpedia.org/wp-content/uploads/2024/08/13024642/XRPUSDT_2024-08-13_02-46-28-1024x448.png" alt="" class="wp-image-337880" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/13024642/XRPUSDT_2024-08-13_02-46-28-1024x448.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/13024642/XRPUSDT_2024-08-13_02-46-28-300x131.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/13024642/XRPUSDT_2024-08-13_02-46-28-768x336.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/13024642/XRPUSDT_2024-08-13_02-46-28-1536x672.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/13024642/XRPUSDT_2024-08-13_02-46-28-150x66.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/13024642/XRPUSDT_2024-08-13_02-46-28.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
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<p>Currently, it is at a lower high area. Based on the price action, there is a high possibility it could fall 7%-8% to the $0.52 level and make a new lower low in the coming days. Additionally, XRP could only experience an upside move if it could give a breakout of the recent lower high and close a candle above the $0.58 level.</p>
<h2 class="wp-block-heading" id="h-major-liquidation-levels"><strong>Major Liquidation levels</strong></h2>
<p>As of now, the XRP’s major liquidation levels are at $0.552 on the lower side and $0.585 on the upper side, according to data from the on-chain analytic firm CoinGlass.</p>
<p>If market sentiment changes and <a href="https://coinpedia.org/news/xrp-1-10-call-option-sees-a-huge-surge-are-xrp-etf-speculations-behind-it/" rel="noopener noreferrer nofollow">XRP’s price</a> soars to the $0.585 level, nearly $6.51 million of the short position will be liquidated. Conversely, if the sentiment remains unchanged and the price reaches the $0.552 level, nearly $9.31 million of the long position will be liquidated.</p>

XRP Whale Moves 54 Million Tokens to Bitstamp, Selloff Incoming?

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