XRP Whale Goes On Shopping Spree: 27 Million Coins Snapped Up As Price Dips

Quick Summary:

Technical Indicators Paint A Sunny Picture Adding fuel to the optimistic fire is a recent technical analysis predicting a 20% price increase for XRP by July 15th.

The Fear & Greed Index, a measure of investor sentiment, currently sits at a concerning “extreme greed.” This suggests the market might be overbought, potentially leading to a correction as investors cash out their profits.

This hefty purchase, valued at roughly $13 million, adds to a growing collection by the same whale, who has been accumulating XRP throughout recent price dips.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Xrp Cryptocurrency Market News Crypto Ripple Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-15 @ 15:00:57 (5 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 21261452

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