30,300,000 XRP Worth $18,482,100 USD Transferred to Unknown Wallet

  • The transaction happened at 23:15:01 UTC on Friday, 29 April 2022.
  • XRP is up 0.09% in the last 24 hours.

A market-wide sell-off triggered by investor fears about Twitter’s $44 billion transactions with Elon Musk-led the “social square” app’s shares falling more than 12 percent Tuesday. On Saturday, most cryptocurrencies remained quiet.

After a six-month decline, XRP continues to trade in a range-bound pattern. XRP is presently selling at $0.61, a loss of 84% from its all-time high. In the past, the price has consistently returned from a drop of around $0.5555, making it a critical support level. In addition, XRP’s price is nearing the conclusion of a triangle squeeze pattern, which suggests a breakthrough is imminent.

XRP/USDT: Source: TradingView

For the last week, the currency has been regularly rejected at the $0.700 level, causing the bears to gain control of the market. The bulls have been expelled from the market, and so have the buyers. Each time XRP was rejected, it saw a drop in value. There was also a decline in trading volume, consistent with the coin’s dropping market cap.

Whale Alert

A smaller number of purchasers directly results from this coin’s lack of accumulation, even if it seems to be in the accumulation stage based on the metrics shown above. 30.300.000 XRP has been moved from Bitso to an anonymous wallet by a “whale”. An analytics and monitoring business called Whale Alert said that the transaction was valued at $18,482,100 USD.

Hundreds of millions of dollars worth of XRP are being moved overnight, proving that the crypto whales are back in business. A monitoring and analysis program called Whale Alert discovered the enormous crypto transfer networks. According to data, the transaction happened at 23:15:01 UTC on Friday, 29 April 2022.

An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.