XRP Whale Moves 77 Mln Tokens, Is A Ripple Price Rally Ahead?

In a recent transaction, XRP whales made a hefty transfer of millions of XRP tokens worth over $27 million to unknown wallets. The XRP tokens were sent from CryptoCom to unknown wallets, on October 30. The transaction was spotted by Whale Alert, a popular cryptocurrency tracker, and was made by a major exchange, Crypto.com.

On the same day, another big transaction was made by an anonymous wallet to Bitstamp, as tagged by Whale Alert.

Whale Moves XRP Worth $27 Million To Unknown Accounts

As per the data provided by Whale Alert, a hefty amount of XRP tokens have been moved across two exchanges, in the last couple of hours. According to the Whale Alert report, 50 million XRP has been moved from Crypto.com to an unknown wallet. The transaction was worth around $27.6 million at the time of transfer.

Meanwhile, in another transaction, Whale Alert provided information that an unknown account moved 26.7 million XRP, worth around $14.82 million to Bitstamp.

It is to be noted, the crypto currency market is no different from constant changes and swift turns for users. Meanwhile, whales moving cryptos out from an exchange signifies that they are likely to hold the assets. So, considering that it seems that the market sentiment is bullish on crypto.

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Is $1 Next for XRP Price?

The XRP price was currently trading at $0.5597, up by 3.74% over the last 24 hours. Meanwhile, its one-day trading volume soared 53.98% to $849.36 million. XRP’s live market cap is $29.82 billion, up 0.82% from yesterday. As per analysis by CoinGape News today, XRP price is predicted to break $0.6.

Over the last seven days, its price noted a surge of over 5% at its current price.

Meanwhile, the recent transfer of XRP tokens into exchanges can be a positive change in the market, especially with whales exploring the opportunity during the XRP price and market status trends.

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