{"id":98225,"date":"2024-10-28T22:28:39","date_gmt":"2024-10-29T02:28:39","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=98225"},"modified":"2024-10-28T22:28:45","modified_gmt":"2024-10-29T02:28:45","slug":"will-xrp-price-rally-as-whales-move-51m","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/will-xrp-price-rally-as-whales-move-51m\/","title":{"rendered":"Will XRP Price Rally As Whales Move $51M?"},"content":{"rendered":"\n

The XRP price<\/a> is currently experiencing a bullish outlook, as traders have transferred $51 million in XRP.<\/p>\n\n\n\n

\"Will
Will XRP Price Rally As Whales Move $51M?<\/em><\/figcaption><\/figure>\n\n\n\n

The XRP price is under scrutiny due to a crypto whale's transfer of $51 million in XRP. This development offers a positive outlook for the coin, as this group of investors could significantly impact the price as they accumulate more XRP.<\/p>\n\n\n\n

XRP Price may rise as whales make their move<\/strong><\/h3>\n\n\n\n

The XRP price may increase as traders execute a $51 million XRP transfer. According to data from Onchain, a transfer of 100 million XRP ($51.6 million) was executed between two unknown wallets. Since the transfer was not to an exchange, this is a bullish indicator, implying that the whale is seeking to sell their coins.<\/p>\n\n\n\n

Instead, the whale could have transferred it to another container for security purposes, as they intend to retain it for an extended period.<\/p>\n\n\n\n

This occurs in the context of the appeal case between Ripple\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and the US Securities and Exchange Commission (SEC). This whale activity is advantageous for XRP, indicating that the ongoing legal dispute does not affect investors' attitudes toward the coin.<\/p>\n\n\n\n

In the interim, the whale activity is consistent with the recent prediction by crypto analyst Egrag Crypto that XRP could reach $95 shortly. This unprecedented price rally could be fuelled by factors such as a surge in whale activity.<\/p>\n\n\n\n

However, the primary focus will undoubtedly be on XRP's successful breach above the $0.6 resistance, which has been retested numerous times since Judge Analisa Torres' final judgment in August.<\/p>\n\n\n\n

Cryptocurrency Movement about Bitcoin Price<\/strong><\/h3>\n\n\n\n

Egrag Crypto has offered an alternative viewpoint regarding the potential movement of the XRP price in conjunction with the Bitcoin price. The analyst asserted that XRP could reach $4.43 if BTC reaches $100,000. He observed that the 555% price increase would be comparable to the previous cycle's peak.<\/p>\n\n\n\n

Additionally, Egrag stated that XRP could increase to $5.76 if BTC reaches $130,000, $6.64 if the premier crypto reaches $150,000, and $7.53 and $8.86 if the Bitcoin price surges to $170,000 and $200,000, respectively.<\/p>\n\n\n\n

\"Source:
Source: Trading View<\/em><\/figcaption><\/figure>\n\n\n\n

According to the analyst, the worst-case scenario for the coin is a price target of $4.43 to $8.86. He thinks that the XRP price will rise above this level. “Whether it is the worst-case scenario or not, there is still significant potential for XRP,” according to Egrag.<\/p>\n","protected":false},"excerpt":{"rendered":"

The XRP price is currently experiencing a bullish outlook, as traders have transferred $51 million in XRP. The XRP price is under scrutiny due to a crypto whale’s transfer of $51 million in XRP. This development offers a positive outlook for the coin, as this group of investors could significantly impact the price as they […]<\/p>\n","protected":false},"author":59,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[142,143,19733],"class_list":["post-98225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-sec","tag-xrp-price-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/XRP-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98225","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=98225"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/64432"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=98225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=98225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=98225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}