XRP, the fourth-ranked cryptocurrency, has seen price fluctuations over the past week, dropping from $2.62 to a low of $2.09. Amid this volatility, XRP whales have taken the opportunity to actively trade the coin, as one large holder recently transferred 167,075,744 XRP valued at $367.69 million. The transfer between private wallets has sparked speculation about whether it signals institutional movement or a potential sell-off. If the receiving wallet moves the XRP to an exchange, it could indicate a sell-off, while keeping it in a private wallet suggests strategic accumulation. Despite increasing investor interest and a spike in trading volume, the price of XRP has declined by 4.86% to $2.09. However, if these developments lead to positive price action, XRP could potentially climb to $2.60 or even retest the $3 mark.
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