XRP Price Prediction: XRP Poised for Bullish Breakout as Whale Moves $64M and Analysts Forecast Parabolic Surge
The post XRP Price Prediction: XRP Poised for Bullish Breakout as Whale Moves $64M and Analysts Forecast Parabolic Surge appeared on BitcoinEthereumNews.com. Ripple’s native token, XRP, is once again in the spotlight after a massive on-chain transaction triggered fresh speculation about a bullish breakout. A large-scale Ripple whale transferred 29.5 million XRP, valued at over $64 million, to Coinbase. This notable movement has been interpreted by many analysts as a signal of potential institutional activity, possibly laying the groundwork for a significant XRP price surge. Whale Movement Sparks Market Speculation The $64 million whale transfer follows a broader trend: wallets holding between 10 million and 100 million XRP have accumulated more than 200 million tokens in the past week, according to Santiment. This surge in whale activity has coincided with renewed optimism in the market, especially as Ripple’s legal outlook improves and XRP ETF chatter gains momentum. A total of 29,532,534 XRP, valued at approximately $64.4 million, was transferred from an unknown wallet to Coinbase. Source: Whale Alert via X “The whales are positioning themselves ahead of what could be a sharp move,” noted one market observer. The transfer to Coinbase, a major Ripple exchange partner, is being seen as a possible precursor to a liquidity event or market entry by deep-pocketed investors. XRP Price Outlook Remains Bullish XRP is currently trading around $2.20, showing resilience after a brief dip to $2.15. The pullback on April 30 led to over $13 million in long position liquidations. Despite the shakeout, XRP continues to hold above its 20-day simple moving average (SMA) of $2.1677, a level viewed as a key support zone. XRP is nearing a potential 30% breakout against Bitcoin as narrowing Bollinger Bands signal an imminent price move. Source: Brett via X Technical indicators point toward a consolidation phase with bullish undertones. The Bollinger Bands have narrowed—a pattern that often precedes explosive price movements. The upper band, currently at $2.3082, marks the…
The post XRP Price Prediction: XRP Poised for Bullish Breakout as Whale Moves $64M and Analysts Forecast Parabolic Surge appeared on BitcoinEthereumNews.com.
Ripple’s native token, XRP, is once again in the spotlight after a massive on-chain transaction triggered fresh speculation about a bullish breakout. A large-scale Ripple whale transferred 29.5 million XRP, valued at over $64 million, to Coinbase. This notable movement has been interpreted by many analysts as a signal of potential institutional activity, possibly laying the groundwork for a significant XRP price surge. Whale Movement Sparks Market Speculation The $64 million whale transfer follows a broader trend: wallets holding between 10 million and 100 million XRP have accumulated more than 200 million tokens in the past week, according to Santiment. This surge in whale activity has coincided with renewed optimism in the market, especially as Ripple’s legal outlook improves and XRP ETF chatter gains momentum. A total of 29,532,534 XRP, valued at approximately $64.4 million, was transferred from an unknown wallet to Coinbase. Source: Whale Alert via X “The whales are positioning themselves ahead of what could be a sharp move,” noted one market observer. The transfer to Coinbase, a major Ripple exchange partner, is being seen as a possible precursor to a liquidity event or market entry by deep-pocketed investors. XRP Price Outlook Remains Bullish XRP is currently trading around $2.20, showing resilience after a brief dip to $2.15. The pullback on April 30 led to over $13 million in long position liquidations. Despite the shakeout, XRP continues to hold above its 20-day simple moving average (SMA) of $2.1677, a level viewed as a key support zone. XRP is nearing a potential 30% breakout against Bitcoin as narrowing Bollinger Bands signal an imminent price move. Source: Brett via X Technical indicators point toward a consolidation phase with bullish undertones. The Bollinger Bands have narrowed—a pattern that often precedes explosive price movements. The upper band, currently at $2.3082, marks the…
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