CandleFocus Gigantic XRP Whale Birthed With 104 Million XRP Shift
2024-11-04
Author: Content Editor
A large transaction of 104 million XRP, valued at approximately $56 million, has resulted in the emergence of a new XRP whale. The details of the wallets involved in the transaction remain unknown. This development comes as Ripple released its Q3, 2024 XRP Markets Report, highlighting growth in the XRP ecosystem. Additionally, the recent update to XRP Ledger includes the XRPL oracle pricing amendment, which enhances the DeFi capabilities of the platform. XRP has been trading within a range of $0.487 to $0.566, with current prices at $0.509. While the bears have not been able to push the price down to $0.46 support, buyers are attempting to push the price above the moving averages. A breakout above these levels could lead to a rally towards the overhead barrier of $0.64. Support levels are anticipated at $0.487 and $0.491, with potential further declines to $0.432.
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