XRP Price Surges Amid Ripple Whale Movements
- XRP price increased by over 8% following the SEC’s settlement agreement with Ripple.
- Crypto analyst Egrag Crypto suggests XRP must close above $2.41 to $2.50 for a bullish breakout.
- Failure to breach $2.3 could lead to a retest at lower targets, around $1.3 and $1.2.
- Ripple whales moved over $175 million in XRP, including a transfer of 46.4 million XRP ($106.6 million) between unknown wallets.
- An additional transaction involved moving 29.5 million XRP ($69.5 million) to Coinbase, indicating potential sell-off intentions.
The recent surge in XRP’s price coincides with significant whale movements totaling over $175 million, highlighting market activity amid the SEC’s legal developments with Ripple.
Source (2.6)https://coingape.com/xrp-price-eyes-bullish-breakout-as-ripple-whales-move-175-million/?rand=24432
