XRP Price Forecast: Whales Shift 52M Coins Amid Price Recovery

Quick Summary:

XRP Price Analysis: Despite optimism about the potential favorable ruling on the XRP lawsuit after the SEC dropped its investigation into Ethereum, whales have shifted a substantial amount of coins to centralized exchanges.

According to the onchain platform whale alert, the whales moved 52,180M coins.

The subsequent increase in price action is heading towards the neckline at around the $0.50 mark, which only adds further credibility to the strength of this support.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: XRP price analysis XRP 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-20 @ 00:29:32 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21316185

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