XRP (CRYPTO: XRP) is moving sideways this Friday, with the anticipated impact of the strategic Bitcoin reserve executive order yet to trigger a rally.
XRP Market Snapshot:
- Price: $2.54
- Market Cap: $147.3 billion
- 24-Hour Change: -2.7%
- 7-Day Change: +22.8%
According to data from Onchain Lens, a whale who originally accumulated 25.12 million XRP at an average price of $0.429 between April and November 2022—valued at $10.77 million—has now deposited 26.5 million XRP (worth $67.65 million) into Binance, securing a massive $56.87 million profit.
Additionally, the whale earned 1.38 million XRP by adding liquidity with BNB.
Trader Insights & Market Sentiment
- Crypto analyst Ali Martinez highlighted that the TD Sequential indicator is flashing multiple sell signals on the two-week chart, suggesting a potential trend reversal.
- Trader Mikybull Crypto believes the chart is primed for another rally.
- Trader Posty speculates that market sentiment could push prices higher if Ripple CEO Brad Garlinghouse delivers bullish remarks at Friday’s crypto summit.
Will XRP overcome its current stagnation, or is a correction on the horizon? All eyes are now on the market’s next move.
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