Thursday, May 8, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

XRP Price Crosses $0.53 But These Factors Suggests Rally Is Far From Over

October 22, 2023
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


The XRP value noticed a powerful run during the last day after information broke that the US Securities and Trade Fee (SEC) was dropping its lawsuit in opposition to Ripple’s executives. This surge carried on into Friday because the altcoin’s value was in a position to clear the $0.53. Naturally, there was a pullback from this value degree, however whale transactions recommend that the rally is probably not over.

Crypto Whales Flex Their Shopping for Energy

Within the final day, crypto whales have been displaying their shopping for energy as the value of cryptocurrencies resembling XRP noticed a restoration. The primary indication of this was plenty of massive USDT transactions that had been making their approach towards centralized exchanges.

The primary of those reported by whale tracker Whale Alert was $100 million in USDT transferred to Binance. Then two different transactions carrying the identical quantity of tokens adopted go well with, all headed for the Binance change as effectively. One other 50 million USDT would make their method to the change simply a few hours later.

Then the minting of $1 billion USDT on the Tether Treasury befell as Thursday drew to a detailed. What adopted was plenty of transactions carrying USDT in 50 million tranches headed for Binance. The transactions continued into Friday, with the latest being two hours previous, on the time of this writing.

XRP stays bullish | Supply: XRPUSDT on Tradingview.com

What This Means For XRP Worth

The continual switch of stablecoins to centralized exchanges can typically sign a willingness to buy cryptocurrencies. Principally, these purchases are in Bitcoin however the shopping for energy tends to have a trickle-down impact. Which means, that as the value of Bitcoin goes up, so will the XRP value.

On this case, if whales proceed to purchase and push the Bitcoin value previous $30,000, then the XRP value is prone to observe go well with and break the $0.55 resistance whereas at it. Nevertheless, the XRP value additionally faces sturdy resistance as whales have taken to promoting.

As Whale Alert exhibits, there have been plenty of massive XRP transactions headed towards centralized exchanges. Probably the most notable of those are the 32.3 million XRP price $15.79 million on the time despatched to the Bitso change, in addition to the 31.1 million XRP price $15.2 headed to the Bitstamp change.

These whale actions recommend a battle between bulls and bears as they battle for dominance. However XRP value continues to indicate power with 7.44% good points within the final 24 hours, and up 6.94% within the final seven days.

Featured picture from Bitcoinist, chart from Tradingview.com



Source link

Tags: crossesFactorsPricerallysuggestsXRP
Previous Post

Vanishing Murals NFTs Aid Hawaii’s Coral Reefs

Next Post

XRP Dominance Reveals Start Of Next Parabolic Price Move

Related Posts

XRP Price Repeating History? 2017-Like Rally To Send Price To $10
Analysis

XRP Price Repeating History? 2017-Like Rally To Send Price To $10

May 8, 2025
Altcoins signal bullish breakout as Bitcoin nears $100K milestone
Analysis

Altcoins signal bullish breakout as Bitcoin nears $100K milestone

May 8, 2025
Gann Angle Resistance Grid Predicts Surge
Analysis

Gann Angle Resistance Grid Predicts Surge

May 7, 2025
Cardano price forecast 2025–2030: Is ADA set to surpass $10 by the end of the decade?
Analysis

Cardano price forecast 2025–2030: Is ADA set to surpass $10 by the end of the decade?

May 8, 2025
Cardano Bounce Losing Strength? ADA Recovery Could Fade Soon
Analysis

Cardano Bounce Losing Strength? ADA Recovery Could Fade Soon

May 7, 2025
Solana price prediction as Pump.fun overtakes Ethereum in annual fees
Analysis

Solana price prediction as Pump.fun overtakes Ethereum in annual fees

May 6, 2025
Next Post
XRP Dominance Reveals Start Of Next Parabolic Price Move

XRP Dominance Reveals Start Of Next Parabolic Price Move

Upland secures $7M funding aiming at AI metaverse expansion and Spark token exchange listing

Upland secures $7M funding aiming at AI metaverse expansion and Spark token exchange listing

Swedish Regulator Signals Surge in Bitcoin Fraud in Q3

Swedish Regulator Signals Surge in Bitcoin Fraud in Q3

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In