29,532,534 xrp stun Top America Crypto Exchang – TradingView News
In the past 24 hours, XRP has recovered from $ 2.06 to $ 2.14, as bullish feelings support assets. This development may have caused other procedures in the broader cryptocurrency market. It is worth noting that the huge transportation of more than 29 million XRP Hit Coinbase cars during this time frame, providing speculation.
Move the movement of the XRP whale
According to the update of the whale alert on X, an unknown portfolio transferred 29,532,534 XRP, at a value of $ 62.6 million, to Coinbase. The huge transportation indicates a large position in its trade position in the largest encryption exchange in the United States
🚨 🚨 🚨 29,532,534 #XRP (62,598,579 USD) was transferred from an unknown portfolio to #Coinbasehttps: //t.co/tcc6gpom8z
In general, when the symbols are transferred to the stock exchange, it often indicates that the owner may have plans for sale. If this is the case with this tremendous transfer, the XRP community may have anxiety because this may lead to a feeling of landing.
If the whale decides to empty more than 29 million XRP on the market, it may raise similar sales, which may lead to a downward pressure on the price. This development can wipe what has been recorded in a little currency in the past 24 hours.
What Alert update is important because the actions of adult holders have a noticeable impact on market dynamics and may cause market fluctuations.
Many who follow the currency performance may be concerned with the impact of this tremendous transfer on the price.
The momentum directs to the XRP test
As of the time of the press, the price of XRP changed hands at $ 2.12, an increase of 3.49 % in the past 24 hours. According to Coinmarketcap data, XRP investors actively deal with the currency, as the trading volume increased by 50.45 % to $ 2.43 billion.
The moderate increase in the price means that XRP is no longer cheap compared to its price during the past 30 days, when it has been circulated at $ 1.69. DIP investors, including whales, offered an opportunity to purchase a discount.
If the market participants maintain the upscale momentum, the effect of 29 million XRP sales may not be severe if the buyers ready to catch them. This is because the current rise in the price has been attributed to the market participation of investors.
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