Ripple Whale Moves $64M As Analyst Predicts XRP Price Bullish Breakout
The post Ripple Whale Moves $64M As Analyst Predicts XRP Price Bullish Breakout appeared on BitcoinEthereumNews.com.
A large XRP transfer worth over $64 million by a Ripple whale has caught market attention as analysts suggest a possible bullish breakout. The transaction involved 29,532,534 XRP moving from an unknown wallet to Coinbase, hinting at renewed activity among large holders. As XRP continues to trade above key support levels, traders are watching the market closely. Technical signals and whale movements are adding to speculation about a potential rally in the coming days. Ripple Whale Activity Increases Ahead of Market Move On-chain data has confirmed that Ripple whales have increased their positions. According to Santiment, wallets with 10 million to 100 million XRP tokens added over 200 million XRP last week. This rise in accumulation by Ripple whales is seen as a possible move by institutional investors preparing for a price shift. At the same time, 23% of U.S. crypto investors now hold XRP, making it one of the most recognized tokens in the country. Moreover, with the XRP ETF approval odds rising to 80% according to Polymarket, investor interest is rising. In addition, the Proshares XRP ETFs are supposed to launch on May 14 has boosted optimism of XRP price reclaiming $3. The recent $64 million transfer into Coinbase has added to this outlook. Some analysts believe this move signals confidence by whales, who often act ahead of broad market trends. If true, the token could be preparing for a breakout toward key resistance zones. XRP Price Action Signals Bullish Outlook XRP is currently trading around $2.20 after recovering from a recent dip to $2.15. The price dropped on April 30, which triggered $13.9 million in long liquidations compared to just $1.49 million in short liquidations. Crypto analyst Javon Marks commented on the situation, noting, “With lower timeframes confirming bull signals, another upside move can be in the…
