{"id":100099,"date":"2024-11-20T01:22:29","date_gmt":"2024-11-20T05:22:29","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100099"},"modified":"2024-11-20T01:22:33","modified_gmt":"2024-11-20T05:22:33","slug":"xrp-whales-transfer-210m-coins-amid-partnership","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/xrp-whales-transfer-210m-coins-amid-partnership\/","title":{"rendered":"XRP Whales Transfer 210M Coins Amid Partnership Rumours"},"content":{"rendered":"\n

In anticipation of a potential breakout, XRP whales<\/a> transfer more than $210 million amid bullish indicators and rumors of a Ripple-Cardano partnership.<\/p>\n\n\n\n

\"XRP
XRP Whales Transfer 210M Coins Amid Partnership Rumours<\/em><\/figcaption><\/figure>\n\n\n\n

XRP price has been bearish in the last 24 hours after failing to breach the resistance level at the intraday high of $1.14. Amid this price correction, XRP whales have moved over 210 million tokens in two significant transactions. The transfers coincide with speculation about a potential partnership between Ripple and Cardano\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

XRP Whales Transfer Over $210 Million in Two Transactions<\/strong><\/h3>\n\n\n\n

Data from Whale Alert revealed two large XRP whale transactions in the past 24 hours, totaling 210,930,712 tokens. In the first transfer, 110,930,712 XRP (worth approximately $123.59 million) was moved from Binance to an unknown wallet. In the second, 100,000,000 XRP (valued at $110.17 million) was sent between two unknown wallets.<\/p>\n\n\n\n

Such large-scale movements of tokens by XRP whales often signal strategic repositioning ahead of significant market developments.<\/p>\n\n\n\n

Despite the recent price correction, these transactions come as the XRP market shows signs of bullish momentum. Analysts closely watch whale activity, which could hint at upcoming market changes.<\/p>\n\n\n\n

The XRP whales transactions also coincide with increased speculation about a possible collaboration between Ripple and Cardano. Consequently, the recent interactions between Ripple CTO David Schwartz and Cardano founder Charles Hoskinson have fueled rumors of a partnership.<\/p>\n\n\n\n

Bullish Indicators Persist in the XRP Price Trend<\/strong><\/h3>\n\n\n\n

Despite recent bearish price action, technical indicators point to potential bullish momentum for XRP. On the 24-hour price chart, XRP has formed a golden cross pattern, with the 50-day moving average (MA) crossing above the 200-day MA. This technical setup is often seen as a sign of a prolonged upward trend.<\/p>\n\n\n\n

Additionally, the Moving Average Convergence Divergence (MACD) indicator remains in the positive region, and its histogram suggests growing bullish strength.<\/p>\n\n\n\n

\"XRP\/USD
XRP\/USD 1-day price chart (source: TradingView)<\/figcaption><\/figure>\n\n\n\n

These factors imply that XRP\u2019s current rally may not yet be over, and whales could be positioning themselves for a potential breakout to the upside. Analysts predict that if XRP breaks above $1.14, it could pave the way for further gains.<\/p>\n\n\n\n

Analysts Predict Potential XRP Breakout<\/strong><\/h3>\n\n\n\n

Amid these XRP Whale developments, crypto analysts remain optimistic about the coin\u2019s long-term prospects. Famous analyst CrediBULL Crypto has projected that XRP could reach as high as $20 during this market cycle. Concurrently, other crypto analysts continue to express confidence in XRP\u2019s long-term potential, citing its historical performance and new market conditions.<\/p>\n\n\n\n

Moon Lambo, a crypto commentator, noted that XRP reached $2 in the last market cycle despite under regulatory pressure from the SEC<\/a>. Now, with legal clarity following Ripple\u2019s partial court victory, many believe the XRP price could exceed its previous highs.<\/p>\n\n\n\n

Moon Lambo remarked, \u201cIsn\u2019t it absurd to think that price won\u2019t be surpassed this cycle now that there is legal clarity?\u201d He also pointed out that XRP delivered a 20x rally in the previous cycle and suggested that this cycle could see even more significant gains as more capital flows into the crypto market.<\/p>\n\n\n\n

Subsequently, analyst Moon Lambo has indicated plans to scale out at prices between $5 and $8, possibly holding a portion for a $10 or higher valuation siding with CrediBULL Crypto prediction.<\/p>\n","protected":false},"excerpt":{"rendered":"

In anticipation of a potential breakout, XRP whales transfer more than $210 million amid bullish indicators and rumors of a Ripple-Cardano partnership. XRP price has been bearish in the last 24 hours after failing to breach the resistance level at the intraday high of $1.14. Amid this price correction, XRP whales have moved over 210 […]<\/p>\n","protected":false},"author":59,"featured_media":93483,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[193,142,146,20658],"class_list":["post-100099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripples-news","tag-cardano","tag-ripple","tag-xrp","tag-xrp-whales-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/XRP-Whales-Moves-40M-Coins-Amid-End-To-Ripple-Lawsuit.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100099"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/93483"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}