XRP Whale’s 47 Mln Selloff Sparks Speculations As Price Jumps Past $0.55

Highlights
- An XRP whale dumps 47 Mln Tokens to Bitstamp and Bitso.
- Whale dump contrasts with XRP's price action today.
- Derivatives data for the Ripple-backed token further aligns with XRP's price.
XRP, a Ripple-backed token that positions itself as one of the top 6 cryptocurrencies by global market cap, birthed a hurricane of speculative buzz today following the jotting down of two significant whale transfers within the broader crypto market amid XRP’s price pump. As per insights unveiled by the blockchain tracking platform Whale Alert, today’s whale transfers collectively showcased the relocation of nearly 47 million XRP to two different CEXs, nabbing noteworthy attention globally.
Meanwhile, XRP’s price action as of press time contrasted with the usual market sentiment of a price slump with significant dumps, portraying a noteworthy upward movement today. The derivatives data surfacing within the market further aligned with the price’s contrasting nature in comparison to the whale dump, signaling an uptrend for XRP.
Notably, the XRP price was already trading in the green at the time of the dump. However, even subsequent to the substantial transfer of coins to CEXs, XRP continued its pump, brushing aside bearish sentiments among crypto market enthusiasts.
A renowned crypto market analyst, Cryptoes, further propelled bullish thoughts on the Ripple-backed token, mirroring today’s surge. In a recent post shared on X, the analyst spotlighted XRP’s upward movement, stating “XRP to North.”
XRP Whale Activity: In-Depth Report
According to the data revealed by the blockchain tracker Whale Alert, a total of 47.4 million XRP was shifted to CEXs Bitstamp and Bitso today, February 15. Aligning with the data, the unknown wallet address, …Rzn, was noted to be making these transfers. Intriguingly, the same wallet address has previously been recorded, moving similar amounts of XRP to the CEXs mentioned above. These transfers appear to have gained significant traction as they emerged as a recurring phenomenon following Ripple’s strategic stake acquisition in Bitstamp and Bitso.
In the interim, the derivatives data offered by Coinglass illustrated a substantial 5.71% upswing in XRP’s open interest, reaching $652.21 million. This data further showcased new money entering the market, signaling an uptrend when seen parallelly with today’s price upsurge.
Also Read: QCP Capital: New Bitcoin All-Time High Coming By March-End, Thanks to Bitcoin ETFs
XRP Price Soars
As of writing, the XRP price noted a significant 5.60% jump in the past 24 hours and is currently trading at $0.5543. The token’s sudden jump past the $0.55 mark has amassed considerable attention across the global crypto realm, as leading analysts recently showcased a bullish stance on XRP.
Meanwhile, the token’s 24-hour volume and market cap also surged remarkably, rising 44.49% and 5.59%, respectively.
Also Read: Debt Box Wants SEC’s Dismissal Request Denied: Report
- ‘Trump Insider Whale’ Increases Bitcoin Short As U.S. Counters China in New Australia Deal
- Trump Advisor Hints US Government Shutdown Could End This Week, Opening Door for XRP ETF Ruling
- Ethereum’s Vitalik Buterin Responds to Allegations of Excessive Control By ETH Inner Circle
- Solana News: Gemini Launches SOL Edition Credit Card Following XRP Card Success
- Bitget US Stock Futures Trading Volume Surpasses $200 Million
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
- Bitcoin Price Prediction as Gaussian Channel Turns Green Amid U.S.–China Trade Progress and Fed Rate Cut Hopes
- Solana Price Prediction: Analyst Notes Bearish Breakdown Amid Derivatives Slowdown
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?