The price of XRP has slipped and the whales make great movements. The chain data reveals an increase in whale activity, with hundreds of millions of XRP hands.
$ 915 million in XRP took a week in a week
In just one week, XRP whales have increased more than 420 million tokens, worth more than $ 915 million, which shows great confidence among investors in XRP. However, the creation of new portfolios fell to a two -month hollow, showing that while the whales buy, the interest of retail is careful.
Recently, XRP jumped 6% to $ 2.23, more than 108 million XRPs exchanged in one hour. The whales were very active during the rally. XRP remained stable, supported by high purchase pressure.
The chain data shows that the whales have actively moved the XRP in the past two weeks. June 18 Ripple Transferred at 200 million XRP (around $ 439 million) to an unknown portfolio, perhaps institutional purposes or strategic purposes.
Meanwhile, June 12, June 15 and June 19, three major transactions totaling more than 80 million XRP (worth around 175 million dollars) were sent from unknown portfolios to JammingWho were probably whales that were preparing to sell or make profits.
Previously, 230 million XRP were moved from Ripple to an unknown portfolio, and 50 million XRP were moved between two unknown wallets. These large transfers indicate an increase in XRP activity.
XRP eyes escape above $ 2.20
XRP can be negotiated laterally, but these transactions show that the whales take care quietly. The number of portfolios having more than 1 million XRP also reached a record summit of 2,850.
Recently, XRP also saw a huge jump of 442.7% in daily active addresses, reaching 181,000 in just 24 hours. The major peak of shoes increasing the interest of users and the actual activity of the network.
XRP is currently negotiated at $ 2.18, up 3.6% in the last 24 hours. It shows 2.7% gains in last week and recovered after dropping below $ 2.00 earlier in the week. The recent rebound and the growing volume show that buyers intervene. But for a clear break, XRP must be more than $ 2.20. If rejected, the price could revisit the support from $ 2.05 to $ 2.10.
The techniques are mainly neutral with the momentum and MacD showing slight bullish signals. Short -term EMAs are optimistic while SMA in the longer term (50, 100, 200) always have some resistance.