XRP Transfers Spike: Whale Moves $156 Million in 8 Hours
Prominent blockchain tracker Whale Alert identified two significant XRP transactions. One of these, involving 39,999,989 XRP valued at $103.18 million, went directly to Coinbase, the largest U.S. cryptocurrency exchange. The second transfer, totaling 19,999,989 XRP worth $52.97 million, moved between anonymous wallets. In total, these two transactions accounted for roughly 60 million XRP, equivalent to $156 million. XRP Price Rebounds After Sudden Drop XRP’s price recently experienced a volatile shift. Following a sharp 16% drop from $2.86 to $2.41, the coin rebounded by 10%, trading at $2.56. This recovery comes as XRP solidifies its position as the third-largest cryptocurrency on CoinMarketCap. Increased whale activity appears to be fueling this momentum. Related article: XRP Predicted to Double Its All-Time High Price Santiment data confirmed heightened whale activity earlier this week. Over the weekend, large investors amassed 160 million XRP, spending around $380 million. On Dec. 3, Whale Alert tracked six notable transactions totaling 273.4 million XRP. Among them were transfers of 100 million and 60 million XRP. These movements involved South Korean exchanges Bithumb and Upbit. Source: CoinMarketCap As XRP soared to $2.49, its highest level since January 2018, whales holding between 1 million and 10 million XRP accumulated 679.1 million coins, valued at $1.66 billion. Smaller investors also joined in, acquiring an additional 5.5 million XRP. Ripple Issues Scam Warning Amid Rising Market In light of XRP’s recent surge, Ripple issued a scam alert on Dec. 2. CEO Brad Garlinghouse released a video warning the community about fraudulent schemes. Scammers often promise double returns in exchange for XRP. Related article: XRP Sees Massive Growth After Forbes Criticized It as “Zombie” Token Garlinghouse emphasized that neither Ripple nor its executives, including CTO David Schwartz and President Monica Long, would ask for XRP in such a manner. Ripple’s message urged users to “stay aware and stay safe.” This proactive approach highlights the risks accompanying rapid market gains and encourages vigilance among investors.
Not What It Seemed: Binance Quietly Moved 200M XRP and 300M DOGE Internally
On Monday, as the cryptocurrency market faced another sharp downturn, two eye-popping transfers involving 200 million XRP and 300 million Dogecoin captured the community’s attention. These significant transactions appeared to involve unmarked wallets moving massive crypto sums to Binance, the world’s largest cryptocurrency exchange by volume. Initially, many speculated that a large-scale investor, or whale might be cashing out amid the broader sell-off. Bitcoin had tumbled to $76,000 earlier that day, sparking double-digit losses across several altcoins. Notably, XRP and Dogecoin suffered over 9% corrections during the same period, adding fuel to the rumor mill. Whale Alert Rings the Bell On Monday, the renowned blockchain monitoring service Whale Alert took to X (formerly Twitter) to spotlight the two transactions. The first transfer involved 300 million DOGE, valued at approximately $41.7 million. The wallet address “DU8gPC” executed the transaction at 9:52 AM UTC. Just two seconds later, a second transaction surfaced. This time, 200 million XRP, worth a staggering $354.6 million—moved from wallet address “rPz2qA” to another Binance address. Despite originating from two seemingly unrelated wallets, the synchronized timing piqued interest among analysts and traders alike. The Catch: On-Chain Data Tells a Different Story Although these transactions initially looked like external whale movements, further investigation revealed they were, in fact, internal. Using Arkham Intelligence and Bithomp analytics, researchers traced the origins of both sending wallets back to Binance itself. Arkham’s platform identified “DU8gPC” as one of Binance’s cold Dogecoin wallets, while the receiving address was a Binance hot wallet used for facilitating trades and withdrawals. Similarly, Bithomp traced the XRP wallet “rPz2qA” back to a Binance-controlled address activated in December 2023. That wallet has since stored and moved substantial amounts of XRP on behalf of the exchange. Why Binance Moves Assets Internally Exchanges like Binance routinely shift assets between cold and hot wallets. Cold wallets are secure storage solutions, keeping large sums offline to mitigate hacking risks. On the other hand, hot wallets hold crypto that is readily available for trading and withdrawals. When a spike in trading activity or liquidity demand is expected, exchanges often move tokens from cold storage to hot wallets. This was likely the motive behind Monday’s movements. Rather than indicating panic selling, these transactions were strategic liquidity boosts. Such internal shuffles are not unprecedented. In September 2024, Binance moved 95 million XRP, worth $50 million, between two of its wallets. A similar transaction occurred in August involving the same XRP-sending address from Monday’s event. Back then, Binance moved $39 million worth of XRP to the same hot wallet used this week. Related article: XRP Price Plunges as Market Cap Loses $20 Billion in a Day Amid SEC Silence Price Reaction and Current Market Sentiment Despite the panic sparked by the initial alert, the actual nature of these transfers has calmed fears of a massive selloff. Still, the market continues to reel from broader losses. As of writing, XRP trades at $1.89, while Dogecoin holds at $0.1452, each down by over 9% in the last 24 hours. Understanding these wallet movements provides clarity amid the noise. While it’s easy to assume the worst during market dips, on-chain data again proves invaluable for discerning real activity from speculative panic.
XRP Trading Volume Soars: Price Rises 16% Amid Crypto Sell-Off
XRP trading volume jumped 81% in 24 hours amid a $504 million crypto sell-off. Moreover, bearish sentiment grew after Fed Chair Jerome Powell’s comments on interest rates triggered widespread selling. Additionally, the sell-off stemmed from profit-taking and the liquidation of leveraged positions. Massive Liquidations Hit Crypto Futures CoinGlass revealed that crypto futures saw $504 million in liquidations within 24 hours, with $358 million from long positions. Consequently, this liquidation wave added pressure on the market, affecting several major cryptocurrencies. Source: CoinMarketCap XRP defied the bearish trend, rising 16% in 24 hours to $0.822 and gaining 50% in a week. CoinMarketCap data shows its trading volume surged 86% to $11.7 billion, or 14.23 billion XRP, as traders seized on price swings. Related article: XRP’s Mixed Market Signals Amid Crypto Surge: Key Indicators to Watch for Future Growth XRP’s recent surge stems from advancements in the XRP Ledger ecosystem. Whale accumulation and new adoption plans have boosted investor confidence. French banking giant Société Générale-FORGE plans to launch its EURCV stablecoin on the XRP Ledger in 2025, using Ripple Custody for integration. This move aims to expand multi-chain adoption and complies with MiCA regulations. Whale Accumulation Hits Five-Year High Santiment data revealed significant whale activity, with wallets holding over one million XRP now owning 45.61 billion tokens, the highest since June 2018. Related article: XRP Pushes Past $0.64: On Track to Break Yearly High of $0.74? Over the past two years, whales and sharks increased their XRP holdings by 3.44 billion tokens, marking an 8.16% rise. XRP traders have enjoyed a positive 40% return over the past seven days, fueled by the cryptocurrency’s price growth and heightened trading activity. The combination of whale activity and ecosystem developments signals strong investor interest in XRP.
Warning Issued to XRP Community Before RLUSD Stablecoin Launch
The XRP community has been alerted about potential risks as Ripple prepares to launch its RLUSD stablecoin. This development is being closely watched, with Ripple urging vigilance to protect against scams and impersonations. Ripple Warns About RLUSD Launch Risks Ripple shared a critical warning via a tweet, cautioning users as the RLUSD stablecoin launch nears. “RLUSD is launching soon. Stay vigilant and report any impersonations or scams,” the company stated. The warning underlines the importance of staying alert during this significant milestone in the XRP ecosystem. Scammers May Exploit RLUSD Hype The approval of RLUSD has generated substantial excitement within the XRP community. However, Ripple recognizes that this buzz may attract scammers and bad actors aiming to exploit the situation. This is why Ripple has been proactive in reminding its community to prioritize security. Why Staying Vigilant Is Essential Past incidents within the crypto space show that major launches can become a target for fraud. By issuing this warning, Ripple seeks to reduce the risk of users falling victim to scams. Reporting suspicious activities is crucial to safeguarding the community during this launch. Read Also: XRP: Ripple’s CLO Criticizes SEC’s Crenshaw Amid Controversy Protecting Yourself as RLUSD Launches As RLUSD becomes a reality, members of the XRP community are encouraged to stay informed and cautious. Verifying official sources, avoiding unfamiliar links, and reporting any suspicious behavior are key steps to ensuring a safe experience during the launch. Ripple’s proactive stance demonstrates its commitment to protecting the XRP ecosystem while preparing for the introduction of RLUSD.
Crypto Predictions for Q1 2025: SHIB Targets $0.0001, XRP Eyes $8.50, and RXS Aims for $10
Donald Trump’s return as U.S. president signals brighter days for cryptocurrencies, following regulatory challenges under Joe Biden’s tenure. With Trump’s pro-crypto stance, the community is optimistic about friendlier policies that could accelerate crypto adoption. This optimism is fueling bold forecasts for Q1 2025, with Shiba Inu (SHIB) targeting $0.0001, Ripple (XRP) eyeing $8.50, and Rexas Finance (RXS) aiming for $10. Shiba Inu (SHIB): The Push Toward $0.0001 SHIB is inching closer to the elusive $0.0001 mark, with several factors driving this momentum. Over the past week, whales added 2.32 trillion tokens to their holdings, reducing selling pressure and boosting market sentiment. Token burns have surged by 105%, increasing scarcity and creating a natural upward price trajectory. Shibarium, SHIB’s Layer 2 blockchain, is gaining traction with enhanced transaction efficiency and growing adoption. This utility-driven demand positions SHIB for sustained growth. On the technical side, bullish indicators like RSI and Stochastic crossovers support upward momentum. Breaking key resistance at $0.000025 could set the stage for a rally to $0.0001, especially with market optimism surrounding Trump’s crypto-friendly administration. Read Also: Don’t Miss Out! The Best Crypto Telegram Channel you need to join in 2025. Ripple (XRP): Targeting $8.50 XRP’s recovery above $2.40 has reignited predictions of a meteoric rise to $8.50. Japan’s banking sector recently announced plans to integrate XRP, and even a 10% adoption of Japan’s $6.37 trillion banking market could push XRP well beyond $8.50. Ripple’s XRP Ledger continues to transform cross-border payments, attracting institutional confidence. Whales recently accumulated over 350 million XRP tokens, signalling strong market support. Technical charts show a bull flag pattern, suggesting a breakout to $8.50 or higher. Regulatory clarity and potential approval of Ripple ETFs could further boost investor sentiment, positioning XRP for exponential growth in Q1 2025. Rexas Finance (RXS): Racing Toward $10 Rexas Finance (RXS) is emerging as a game-changer in decentralised finance, leveraging real-world asset (RWA) tokenisation to revolutionise traditional finance. By turning assets like real estate and commodities into digital tokens, RXS enables fractional ownership and opens up investment opportunities for all. The project has gained significant traction during its presale, which began at $0.03 and surged to $0.175 by stage eleven, raising over $35 million. With just weeks until its token launch, investor interest remains high. Strategic listings on major exchanges and a million-dollar community reward initiative are expected to drive RXS toward the $10 mark. Its CertiK audit and listing on platforms like CoinMarketCap and CoinGecko add further credibility. RXS’s innovative approach and fast-growing community position it as a leader in decentralised finance, with analysts confident it can achieve its ambitious targets in early 2025. Read More: Trending Now: The Hottest Coins to Buy Right… Conclusion SHIB, XRP, and RXS are poised for significant growth in Q1 2025, backed by strong market fundamentals and strategic developments. SHIB could finally reach $0.0001, XRP may scale to $8.50, and RXS is well to hitting $10. With RXS currently priced at $0.175, this could be the perfect time to invest and capitalise on its potential. Don’t miss the opportunity to ride the next wave of crypto growth!
Ripple’s RLUSD Stablecoin Gains Traction, XRP Hits New Highs
Ripple obtained approval from the New York Department of Financial Services (NYDFS) to launch its RLUSD stablecoin. This development fueled a 9% surge in the XRP token’s value over the past 24 hours. The token’s price rebounded from a significant dip, climbing from $2.30 to $2.70. CEO and Market Reactions Ripple CEO Brad Garlinghouse hailed the NYDFS approval as a pivotal milestone. He announced that exchange and partner listings would soon follow, creating further excitement within the market. Meanwhile, FOX Business journalist Eleanor Terrett reminded X users of her early report on Ripple’s stablecoin plans, first revealed on November 29. She had speculated on a possible launch date of December 4. Although RLUSD has not launched yet, Garlinghouse assured investors that Ripple would provide the first official announcement. Related article: XRP: Ripple’s CLO Criticizes SEC’s Crenshaw Amid Controversy The stablecoin’s release aims to challenge the dominance of industry leaders Tether’s USDT and Circle’s USDC, signaling a potential shake-up in the stablecoin sector. XRP Price Performance and Market Data According to CoinMarketCap data, XRP’s price has soared by 287.07% over the past 30 days, with its current value standing at $2.30. Despite the rally, the token remains 40.15% below its all-time high of $3.84, which it achieved in January 2018. The surge in XRP’s price correlates with growing anticipation for the RLUSD launch and an emerging partnership between the XRP Ledger and Cardano ecosystems. Related article: Ripple’s “Lock In” Message Ignites Buzz in the XRP Community Technical analysis suggests a shift in market sentiment. The XRP Relative Strength Index (RSI) currently sits at 62.03, indicating bullish control. However, the RSI’s trajectory hints at potential price declines due to increasing bearish pressure. Furthermore, the Moving Average Convergence/Divergence (MACD) indicator confirmed a bearish divergence. The signal line crossed above the MACD line, while the MACD histogram turned red, signaling possible downward momentum for XRP.
XRP Price Set to Soar 66%? Ripple Lawsuit Could Trigger $4.15 Breakout
The XRP community buzzes with excitement as Digital Asset Investor (DAI) reignites discussions about XRP’s future. He insists that now is the time to hold the token. Ripple’s legal battle with the SEC has lasted over four years, but signs suggest an imminent resolution. Regulatory shifts continue to reshape the landscape. The SEC recently paused litigation against Binance and dropped charges against Coinbase. Many believe Ripple could receive similar treatment, sparking a bullish wave for XRP. A positive outcome may eliminate long-standing market uncertainty and drive demand. XRP Price Prediction: A 2020 Repeat—But in Reverse? In December 2020, the SEC lawsuit triggered a massive XRP price drop. It plunged from $0.50 to $0.17, a steep 66% loss. Fear, uncertainty, and exchange delistings fueled this downturn. Now, analysts anticipate a reverse reaction if Ripple wins the case. Elon Musk’s Grok AI predicts XRP’s price could rise by 66%, reaching approximately $4.15. This price surge would break XRP’s long-standing resistance and set a new all-time high. Investors closely monitor legal developments, expecting a rapid market response. Could XRP Hit $10? Experts Weigh In Market analysts Edward Farina and Alex Clay argue that XRP’s price could reach $10 after a favorable ruling. Years of legal uncertainty suppressed XRP’s growth, but a decisive victory could unlock its full potential. Renewed exchange listings and institutional adoption would further boost demand. Read Also: Shiba Inu Faces 515 Trillion SHIB Sell Wall: Is a 12% Breakout to $0.000020 Possible? Growing optimism within the crypto space strengthens these predictions. As regulatory pressures ease, the token could surge beyond conservative estimates. The possibility of mass adoption remains a driving force behind bullish forecasts. Final Thoughts: Time to Fade XRP? Think Again. The potential lawsuit resolution could transform XRP’s market trajectory. Many investors recognize the importance of holding XRP now rather than waiting. DAI’s statement captures this sentiment: “I can’t imagine being dumb not to hold XRP right now.” A Ripple victory could reshape both XRP’s future and the broader crypto market. Investors seeking strategic opportunities should keep XRP on their radar. The market awaits a turning point that could redefine digital asset investment
Whales Buy 640M XRP: Could a 1,500% Surge Take XRP to $27?
XRP’s price action has been anything but dull. After a shocking 35% drop in one day, it quickly rebounded. While some traders panicked, whales capitalized on the dip, accumulating millions of coins. This activity signals renewed confidence in XRP’s long-term potential. Whales Are Buying Big – What’s Happening? Crypto whales wasted no time during XRP’s sudden decline. They snapped up 520 million XRP almost immediately. Just days before, they had already purchased 120 million XRP after Ripple secured key regulatory approvals in New York and Texas. These consecutive purchases indicate that institutional players see massive upside potential. When whales accumulate during downturns, it often signals an impending price surge. With XRP’s ecosystem growing rapidly, it’s clear why big investors remain bullish. The cryptocurrency continues to gain traction across institutional markets, adding to its credibility. Institutional Adoption Fuels Momentum Beyond whale activity, institutional interest in XRP is rising. Ripple’s latest market report highlights significant growth, reinforcing expectations for a major rally. Several developments are driving this momentum. Read Also: XRP Surges with $11.2M Weekly Inflow – Can It Break $2.37 Resistance… Firms such as WisdomTree, 21Shares, and Canary have filed for XRP-related Exchange Traded Products (ETPs) in the U.S. Ripple’s RLUSD stablecoin reached a $100 million market cap within a month, showcasing XRP’s increasing real-world adoption. Meanwhile, trading volume on XRPL’s decentralized exchange (DEX) surged to $1 billion in Q4 2024. These signs point to growing usage and trust in XRP’s ecosystem. XRP’s 280% Rally – Can It Happen Again? XRP demonstrated explosive growth in late 2024. Following President Trump’s election victory, crypto regulations became clearer, and investor confidence soared. In response, XRP skyrocketed 280% in just a few months. Trading volumes jumped from $500 million daily in November to $5 billion daily in December, reaching a peak of $25 billion in a single day. Analysts believe another surge could be on the horizon. Historical patterns suggest that XRP may repeat this impressive rally. Given the recent accumulation and growing adoption, many expect a significant move soon. Technical Indicators Signal a Breakout Market analyst Egrag Crypto has identified a bullish setup for XRP. He notes that the cryptocurrency remains above the Bull Market Support Band (BMSB), a key indicator of an upcoming rally. In 2017, XRP gained 1,500% in just four weeks after touching this level. If history repeats itself, XRP could surpass $27 in the near future. With strong fundamentals and favorable technical indicators, XRP is positioned for significant gains. Investors watching these signals may see substantial opportunities in the months ahead. Where Is XRP Now & What Comes Next? At the time of writing, XRP is trading at $2.40, reflecting a 1.1% increase in the past 24 hours. Despite short-term fluctuations, major investors continue accumulating. Institutional confidence remains high, and technical signals favor a breakout. If momentum builds and whales continue their buying spree, XRP’s next big move could unfold soon. Traders should monitor price levels closely and prepare for potential volatility. The combination of strong fundamentals and historical price action suggests a promising future for XRP. Final Thoughts – Is This the Right Time to Buy XRP? XRP’s market position looks stronger than ever. Its rising adoption, whale accumulation, and favorable technical patterns create an exciting outlook. While no investment is risk-free, XRP’s recent activity suggests a powerful opportunity may be developing. Read Also: Shiba Inu Drops 4.24% in a Week: Can SHIB Bounce Back?… With XRP’s past performance and current market indicators aligning, a major rally could be imminent. Investors looking to enter should consider watching support levels and trend signals for the right entry points. The market remains dynamic, but the long-term potential appears bright.
XRP Market Shaker: Massive Whale Movement Sparks Buzz
A significant movement of XRP has been recorded on the blockchain, with on-chain data revealing that 800 million XRP, valued at approximately $1.93 billion, was transferred from Binance to an unidentified wallet. The transfer, flagged by blockchain tracker Whale Alert, is one of the largest recent XRP outflows from a centralized exchange to an external wallet. Growing Trend of Large XRP Transfers On December 13, unknown wallets moved 60 million XRP worth $144.67 million. A day earlier, unidentified wallets transferred 99.99 million XRP valued at $234.45 million. Such high-value transactions often suggest activity from institutions or crypto whales. Several theories have emerged to explain the recent shift. One possibility is that holders moved the XRP stash to cold storage for enhanced security. This move often signals bullish sentiment, reflecting confidence in XRP’s long-term value. Related article: Warning Issued to XRP Community Before RLUSD Stablecoin Launch Another theory points to potential internal operations by Binance. Exchanges frequently transfer funds for purposes like liquidity management, wallet maintenance, or other operational needs. Additionally, some speculate that a major investor or “whale” may be positioning themselves ahead of significant announcements or price shifts. Ripple’s RLUSD Stablecoin Launch Adds to Speculation The timing of the XRP transfer aligns with heightened anticipation for Ripple’s RLUSD stablecoin launch. Ripple recently received regulatory approval from the New York Department of Financial Services (NYDFS) to introduce the RLUSD stablecoin. This development has fueled speculation that the XRP movement might be linked to upcoming announcements or market positioning. Related article: XRP Rises 300% in 30 Days: Key Indicator Suggests Another Move The transfer of 800 million XRP from Binance to an unknown wallet has sparked interest and debate within the crypto community. While the exact reason remains unclear, the timing and scale of the transaction have fueled various theories. Whether it signals institutional positioning, whale activity, or Binance’s internal processes, the crypto world will continue to watch for further developments.
Top Attorney Reveals Why XRP Lags as Worst Performer in Top 10 Cryptos
XRP’s underperformance has been explained by Attorney Bill Morgan, who responded to recent criticisms of the cryptocurrency’s lag behind Bitcoin. Despite a recent surge in the broader crypto market, XRP has struggled to keep pace. XRP Criticized for Weak Price Action Compared to Bitcoin As Bitcoin surged past $76,000 to reach a new all-time high, an XRP critic highlighted XRP’s struggles. This critic noted that while Bitcoin has doubled in value over the past year, XRP has dropped by nearly 25% during the same period. XRP’s lacklustre performance was pointed out as a contradiction to claims that it has a high potential for price gains. Attorney Bill Morgan’s Insight on XRP’s Decline In response to these criticisms, Attorney Morgan acknowledged XRP’s weak performance, confirming it as the worst performer among the top 10 cryptocurrencies over the past year. He attributed XRP’s ongoing struggles to the legal case between Ripple and the U.S. Securities and Exchange Commission (SEC), which has been ongoing since December 2020. This lengthy lawsuit has continued to weigh on XRP’s price, with some still associating XRP with Ripple despite regulatory complications. Morgan further noted that certain publications, like Forbes, continue to refer to XRP as “Ripple.” According to Morgan, this misconception has maintained bearish sentiment around XRP. XRP’s Position in the Crypto Market Despite XRP’s price underperformance, it remains among the top 10 largest cryptocurrencies by market capitalization. XRP ranks as the seventh-largest crypto, boasting a market cap of $31.49 billion. XRP’s trading volume recently rose 0.12% to $1.94 billion, suggesting continued interest among crypto investors. As of the latest data, XRP trades at $0.5537, reflecting a 3.97% increase in the past 24 hours. Read Also: SEC Crypto Crackdown Could Ease Under Trump Administration, Analysts Predict Ripple v. SEC: Lawsuit Status and Future Outlook The Ripple v. SEC lawsuit remains in progress, and the case has been moved to the U.S. Court of Appeals for the Second Circuit. The SEC has been directed to file its appellate brief by January 15, 2025, and Ripple’s opposition will follow. Ripple also intends to file a cross-appeal concerning the court’s earlier ruling on XRP’s institutional sales being deemed securities. Some XRP community members are hopeful that a new SEC administration under President Donald Trump might settle with Ripple. However, if no agreement is reached, the lawsuit could extend until 2026, impacting XRP’s price performance.
