XRP continues to attract attention with whale transactions. As of November 30th, there has been a significant increase in whale activity involving XRP. According to on-chain data, a whale transferred 46 million XRP to centralized crypto exchanges through multiple transactions. This increase coincided with a drop in XRP’s price.
Whale Alert, a platform that tracks important movements in blockchains and shares them with the public, has released the latest data on whale transactions targeting XRP. Two transactions shared by Whale Alert caught the attention of the XRP community.
The first transaction, carried out by an anonymous wallet address, involved the transfer of 25.10 million XRP worth $15.29 million to a centralized crypto exchange called Bitstamp. The second notable transaction was the transfer of 18.50 million XRP to another centralized exchange, Bitso. The same wallet address also made XRP transfers to Bitso, which is based in Mexico.
Following the transfer of XRP to crypto exchanges, there was a slight decrease in the price of the altcoin. The recent price drop of XRP seems to coincide with whales dumping their XRP on centralized crypto exchanges.
At the time of writing this article, XRP was trading at $0.6048, down by 0.51% in the last 24 hours. The price of the altcoin showed a slight decrease of 1.06% in the last 7 days. As predictions for the popular altcoin’s future increase, the forecasts made by leading crypto analysts, especially Dark Defender’s predictions, seem to be coming true. The analyst predicted that XRP would complete its first wave and reach $0.66 by November 24th, and this prediction came true. In the second part of Dark Defender’s prediction, it is expected that XRP will target $0.75 in the short term and eventually reach $0.83.