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2024

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<ul> 
 <li><strong>Whale Alert tracked two massive XRP transfers from an unknown wallet to the Bitso and Bitstamp exchanges, raising market speculation.</strong></li> 
 <li><strong>Analyst SMQKE suggests XRP could outperform Bitcoin and Ethereum due to its technological superiority and Tether’s reserve issues.</strong></li> 
</ul>  
<p>In the face of continued turmoil in the crypto market, whale investors have returned to the Ripple coin, XRP. Whale Alert, a popular whale activity tracker, has discovered two big transactions sending XRP tokens to exchanges from the same unknown wallet, identified as <em>5XgwHh4Rzn</em>.</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;"> 26,400,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (15,725,905 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitso?src=hash&amp;ref_src=twsrc%5Etfw">#Bitso</a><a href="https://t.co/AtsNfH3wdf">https://t.co/AtsNfH3wdf</a></p> 
 <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1826732072817275056?ref_src=twsrc%5Etfw">August 22, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="strong-massive-xrp-transfers-to-bitso-and-bitstamp-spark-market-reactions-strong"><strong>Massive XRP Transfers to Bitso and Bitstamp Spark Market Reactions</strong></h2> 
<p>In the first transaction, the wallet transferred 26.40 million XRP, or approximately $15.725 million, to a <a href="https://x.com/whale_alert/status/1826732072817275056">Bitso</a> exchange wallet. Shortly later, the second transaction transferred 26.02 million XRP worth $15.509 million to a wallet on the <a href="https://x.com/whale_alert/status/1826732349435879770">Bitstamp</a> exchange.</p> 
<p>These large-scale XRP fluctuations have triggered reactions from users on X. Some users feel these transactions indicate an impending liquidation event, while others see them as a positive omen for the token’s future.</p> 
<p>Despite these speculations, <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/xrp-surge-sees-zero-whale-activity-confidence-grows/">XRP</a></span> has failed to hold its price above $0.60. At the time of writing, XRP is trading around <strong>$0.5984</strong>, down <strong><span style="color: #ff0000;">0.70%</span></strong> over the last 24 hours and remaining in a consolidation pattern over the last few days.</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>On the other hand, CNF has <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/man-who-foretold-trumps-assassination-attempt-makes-bold-prediction-about-xrp/">reported</a></span> that Brandon Biggs, who correctly predicted the Trump shooting event, has projected a significant price increase for XRP. 
<p>This prediction comes as on-chain activity for XRP picks up, keeping the crypto at the forefront of conversations, particularly given the ongoing regulatory issues with the US SEC.</p> 
<p>Furthermore, as we previously <span style="color: #008000;"><a style="color: #008000;" href="https://www.crypto-news-flash.com/researcher-predicts-xrp-boom-as-bitcoin-and-ethereums-tether-bubble-bursts/">noted</a></span>, a researcher known as SMQKE has indicated that XRP could outperform Bitcoin and Ethereum, especially in light of recent discoveries about Tether’s reserve problems. Citing a Bank of France research document, the analyst stressed that XRP is technologically better than Bitcoin and lacks bubble-like features.</p>

XRP Whale on the Move: Market Watches Closely

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