Ripple (XRP) Price Prediction News: Even as the crypto market flattened the price growth over the last few days, Ripple (XRP) whales had been making significant moves. On multiple occasions in the last one week, anonymous XRP whales made massive transactions involving millions of coins. This comes after the crypto prices have for the first time in January 2023 slowdown rate of growth after a steady growth spell. Compared with the price around a week ago, the Bitcoin (BTC) price almost remains same.
Also Read: Top 5 Cryptocurrencies With 10x Growth Potential In February
XRP Whale Moves Sign Of Upcoming Volatility?
Over multiple transactions, the XRP whales moved the assets, leading to speculation over possible change in price action. For example, a whale transaction was reported with a total value of over 100 million XRP. According to whale alert, as many as 253,594,773 XRP worth $103.26 million were transferred from an unknown wallet to another unknown wallet. There are few other such whale transactions from XRP whales around the same time.
In this context, the Ripple community is weighing in on the potential XRP price rise if the SEC case were to go in their favor. Recently, Ripple CEO Brad Garlinghouse said he expects that the court judgement in the case be pronounced within 2023 itself. Meanwhile, the Ripple coin price registered slight loss compared to five days ago. As of writing, the XRP price stands at $0.412182, up by around 0.93% in the last 24 hours, according to CoinGape price tracker.
Also Read: Analyst Predicts Best Level To Buy Bitcoin As Price To Rally Above $30K
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/ripple-xrp-price-prediction-news-whale/