X Payments

Bitcoin

April

<div class="finbold">
 <p class="paragraph">As the long-awaited Bitcoin (BTC) halving event failed to trigger an imminent bullish rally and some cryptocurrencies even moved in the opposite direction, the industry’s largest investors have taken the opportunity to ‘buy the dip’ and flesh out their portfolios with more XRP.</p>
 <p class="paragraph">Specifically, as the price of the XRP token dropped from $0.62 to $0.41, crypto whales took notice, purchasing more than 31 million XRP in just the past week, according to the observations shared by renowned crypto trading expert Ali Martinez in an X post on April 23.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="800" height="359" src="https://cdn.thebittimes.com/images/2024/04/23/77209e14292ff9e40751e521e7acaabb.webp" alt="XRP whale accumulation" class="wp-image-170995" srcset="https://cdn.thebittimes.com/images/2024/04/23/77209e14292ff9e40751e521e7acaabb.webp 800w, https://cdn.thebittimes.com/images/2024/04/23/77209e14292ff9e40751e521e7acaabb.webp 300w, https://cdn.thebittimes.com/images/2024/04/23/77209e14292ff9e40751e521e7acaabb.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>XRP whale accumulation. Source: </em><em>Ali Martinez</em>
  </figcaption>
 </figure>
 <p class="paragraph">As it happens, the purchases in the amounts between 10 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> and 100 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> XRP soared in the previous week, as the price of this crypto asset dropped by a whopping 33.87% and has since returned above the $0.54 price level, as the bullish momentum returns to the crypto sector.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    U.S. Treasury Yield chart sparks economy recession debate; Is this time different? <span class="self-center text-xs text-slate-500">11 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin's next price target ahead of 'aggressive non-stop rally' <span class="self-center text-xs text-slate-500">37 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    The world's richest YouTube boxer – Jake Paul's net worth revealed <span class="self-center text-xs text-slate-500">54 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Elon Musk’s X Payments ‘end goal’ revealed as a U.S. money transmitter <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-xrp-price-prediction">XRP price prediction</h2>
 <p class="paragraph">Indeed, XRP is currently changing hands at the price of $0.545, suggesting an increase of 2.18% in the last 24 hours and a gain of 10.82% across the previous seven days as it moves to reverse the loss of 13.64% on its monthly chart, as per the most recent data on April 23.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/04/23/170d05104a2970a3ebc13b67560160d5.webp" alt="XRP price 7-day chart" class="wp-image-171017" srcset="https://cdn.thebittimes.com/images/2024/04/23/170d05104a2970a3ebc13b67560160d5.webp 750w, https://cdn.thebittimes.com/images/2024/04/23/170d05104a2970a3ebc13b67560160d5.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>XRP price 7-day chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">At the same time, XRP’s current price action looks to be an expected development after a recent consolidation, as earlier projected by pseudonymous crypto expert <em>Egrag Crypto</em>, based on the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>’s chart patterns from 2017 and 2021, as Finbold reported on April 20.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1024" height="447" src="https://cdn.thebittimes.com/images/2024/04/23/d22cd14ce7505b02debe4ed41028eec9.webp" alt="XRP price action prediction" class="wp-image-170993" srcset="https://cdn.thebittimes.com/images/2024/04/23/d22cd14ce7505b02debe4ed41028eec9.webp 1024w, https://cdn.thebittimes.com/images/2024/04/23/d22cd14ce7505b02debe4ed41028eec9.webp 300w, https://cdn.thebittimes.com/images/2024/04/23/d22cd14ce7505b02debe4ed41028eec9.webp 768w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>XRP price action prediction. Source: </em><em>Egrag Crypto</em>
  </figcaption>
 </figure>
 <p class="paragraph">Meanwhile, the outcome of the ongoing courtroom standoff between the United States Securities and Exchange Commission (SEC) and Ripple over the blockchain company’s sales of XRP to retail and institutional buyers could have an influence on the price of the relevant token.</p>
 <p class="paragraph">As a reminder, the two sides have been throwing motions back and forth regarding the amount of damages Ripple will have to pay for its institutional XRP sales that the judge had declared securities sales as opposed to retail. The SEC demands $2 billion, while Ripple argues that no more than $10 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> is fair.</p>
 <p class="paragraph">Ultimately, large investors seem to have a lot of confidence in the future price of XRP. However, things in this sector can often change on a whim, which is why doing one’s own research and weighing the risks is critical, and not just blindly swimming behind the <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a>s.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-plunge-triggers-frenzy-whales-scoop-up-31-million-tokens-in-a-week-tbt86217.html">https://thebittimes.com/xrp-plunge-triggers-frenzy-whales-scoop-up-31-million-tokens-in-a-week-tbt86217.html</a></p>

XRP plunge triggers frenzy, whales scoop up 31 million tokens in a week

Mục lục

TheBitTimes

Các bài viết khác được xuất bản trên 23 thg 4, 2024

Harga DOGE Diprediksi Melejit 700 Persen, US$1 Bukan Mimpi?

MNGO from FTX estate vote for Mango Markets buyback proposal

Ankr Price Prediction: ANKR Surges 9% As This Green AI Presale Charges Towards $4 Million

BTCC Exchange’s Renaissance art and Bitcoin fusion fascinated Paris Blockchain Week attendees

Bitcoin: A Release Valve for Frustrated Economies?

Visa’s Web3 Loyalty Solution: A New Era for Customer Engagement

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!