Quick overview

Live XRP/USD Chart

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XRP has recently gained considerable attention in the cryptocurrency community after Ripple decided to withdraw its prolonged cross-appeal in a legal dispute with the SEC.

 WhaleAlert data showed 25,498,179 XRP was sent to Coinbase on June 30th, as the cryptocurrency continues to attract interest following significant recent events.
XRP has become the main focus for many investors as anticipation for the highly awaited spot XRP ETF launch grows.

The market remains uncertain about what the XRP community will do next.

This large sell-off attempt by an unidentified whale has sparked mixed reactions, with some speculating that it could be a precursor to something major. Typically, sell-off attempts hurt the cryptocurrency’s market value, but in this case, the market has taken an unusual turn.
Large transfers to exchanges are often linked to intentions to sell, but since the token’s price increased after the transfer, the XRP community is curious about the true reason behind the move.

Large holders are re-entering the market with major accumulations, prompting a new wave of whale activity in XRP.

Mirroring the pattern seen during the previous significant rally, this sudden change is fueling hopes of a potential price surge.

 XRP’s price movements have frequently followed trends in whale flow in the past year. These large trades have consistently preceded notable market shifts, underscoring their influence on XRP’s performance.

Reports from August 2024 showed whale flows fluctuating around- 150 million XRP, which was quite negative. At that time, XRP was barely holding onto the half-dollar mark, showing little strength and waning investor confidence.
However, by September and October, signs of a shift emerged as whale inflows gradually increased, indicating early signs of renewed interest from major market players. The accumulation grew steadily from November to December 2024, reaching a peak of nearly + 250 million XRP.