This large transaction underscores ongoing activities of crypto whales
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Whale Alert reports another major XRP transaction, which saw a 26 million XRP stash shifted from Binance:"26,247,981 XRP worth $12,821,456 was transferred from Binance to unknown wallet."Whales moving large amounts of XRP off of exchanges like Binance could indicate a range of sentiment. They might be preparing to hold their assets in cold storage for potential long-term holding, suggesting bullish sentiment.
The crucial level to watch for on the downside is $0.46. If this level gives way, XRP might fall to the critical level of $0.41. Bulls are predicted to buy in the range of $0.46 to $0.41. Bulls are attempting to push the price above the $0.50 mark, and if they succeed, the probability of a break above the 50-day SMA improves. XRP might then rise to $0.57.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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