bullish

2024

Million

Coin

<ul class="news-points">
 <li><strong>Whale Alert reports major XRP transfers, including 800 million XRP locked in escrow, hinting at strategic market moves by Ripple.</strong></li>
 <li><strong>XRP derivatives trading volume dropped by 62.11%, but a rise in long positions suggests optimism among top traders on major exchanges. </strong></li>
 <li><strong>Technical indicators show bullish potential for XRP, with the RSI nearing overbought levels and the MACD suggesting upward momentum.</strong></li>
</ul>
<p>Ripple has locked 500 million XRP, worth $314.84 million, in escrow, as per Whale Alert, a blockchain tracking service. This follows a series of large XRP transactions, including a 200 million XRP transfer from an unknown wallet to Ripple.</p>
<p>Shortly after, <a href="https://x.com/whale_alert/status/1841092216082640996" target="_blank" rel="noopener noreferrer nofollow">Ripple locked</a> 100 million XRP ($62.99 million) and another <a href="https://x.com/whale_alert/status/1841092694522675558" target="_blank" rel="noopener noreferrer nofollow">200 million</a> XRP ($126 million) in escrow. These transactions were followed by a massive <a href="https://x.com/whale_alert/status/1841091970686431315" target="_blank" rel="noopener noreferrer nofollow">500 million</a> XRP escrow lock, worth $314.84 million.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <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;"> <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;"> <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;"> <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;"> <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;"> <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;"> 200,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> (126,077,285 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ripple</a><a href="https://t.co/B23F1FeDHx" target="_blank" rel="noopener noreferrer nofollow">https://t.co/B23F1FeDHx</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1841090492580180427?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Alongside these whale movements, XRP’s price stayed at $0.628093, with a 24-hour trading volume of $1.41 billion. XRP fell 0.81% over the last 24 hours holding a …</p>
<p>The post <a href="https://coinedition.com/ripples-500-million-xrp-escrow-lock-triggers-whale-alert/" rel="noopener noreferrer nofollow">Ripple’s 500 Million XRP Escrow Lock Triggers Whale Alert</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple’s 500 Million XRP Escrow Lock Triggers Whale Alert

Coin Edition

Other articles published on Oct 1, 2024

Swan Does Not Have a Mining Business of Its Own: Proton

WSPN and Conflux Join Forces to Launch WUSD Stablecoin on Conflux

FTX Reorganization Receives Overwhelming Creditor’s Support

Bitcoin Friday Futures Record More Than 30,000 On The First Day Of Trading

ApeX Unveils Deflationary Tokenomics Model for $APEX and 40% Discount Investment Opportunity

De.Fi World 2024 Set to Convene Industry Leaders in Bangkok on November 11

Join our free newsletter for daily crypto updates!