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XRP appears this month on the headlines whale activity violent On the web. In a surprising accent, reports indicate that XRP whales dropped tokens worth over $ 700 million in April in April. This sudden change in whale behavior raises the question of what they will do.
In XRP whales, unload 370 million tokens in April
On April 15, an outstanding cryptographic analyst Ali Martínez Reported on x (earlier twitter) XRP whales began to flood Popular cryptocurrency in immense volumes. After a period Significant token accumulationThese immense investors have sold over 370 million XRP since the beginning of April.
In particular, this huge Whale sale It is over $ 700 million, which causes a wave of speculation about the intention of this movement. More interestingly, XRP screenshots seem to be consistent Last price fluctuationsBecause whales strongly affect market dynamics, especially when slowing down.
The Santiment chart provided by Martinez reveals a clear trend from 3 to 14 April 2025. XRP wallets Maintaining from 100 to 1 billion tokens drastically reduced their shares. As this whale drop progresses on a immense scale, The XRP price has dropped to up-to-date minima Around April 8, and then a constant climbing, reaching $ 2.1 at the time of writing.
Although the reason for such exits on a immense scale is unclear, there are several likely explanations. Whales can operate earlier price benefits Close the profits While market conditions for XRP remain relatively stable. These investors can also react Increased market variabilityforcing them to change their resources to alternative assets to protect risk and protect against losses.
Another option is that these great players sell tokens between the wallet or transfer them to exchange in anticipation of a significant event – maybe final legal decision between Ripple and the United States Securities and Stock Stock Committee (SEC). In less sanguine scenarios Market manipulationOften aimed at achieving strategic profits.
Although it is not certain whether the above motives drive the last whaling dumps, one thing is clear: immense -scale XRP movements always require special attention. Because XRP is currently floating around USD 2, the market is waiting to see how this sale will affect the future cryptocurrency price.
Update of the latest XRP price shares
According to Crypto analyst, Andrew Griffiths, current XRP price analysis indicates A particularly stubborn trend. This rush appeared after exceeding the cryptocurrency of two keys resistance levels And he set a solid level of support, signaling a potential upward movement.
As a result, the analyst provides for this XRP can register a huge augment Over 20% in the coming weeks. Since the token currently trads $ 2.10, an augment of 20% would bring it to around USD 2.589. Based on the trajectory, up within Growing channel On the price table, the analyst provides that XRP may augment by up to USD 3.3.
A distinguished picture from Pixabay, chart from tradingview.com
