$70,224,089 XRP Stuns Coinbase in Minutes, What’s Happening?
2025-07-13 09:55:36
Main Idea
A large transfer of XRP to Coinbase and increased whale activity have sparked speculation about the cryptocurrency's price movement, with analysts suggesting potential bullish trends.
Key Points
1. 25.49 million XRP worth over $70.22 million was transferred from an unknown wallet to Coinbase, raising questions about whether it's profit-taking or funds reshuffling.
2. XRP price has been rising for six consecutive days, reaching a four-month high of $2.97, with a 1.11% increase in the last 24 hours to $2.82.
3. Veteran trader Peter Brandt suggests XRP is forming a compound fulcrum on its charts, potentially indicating a price target of $4.40 if it breaks above $2.97.
4. Whale activity has increased, with 33,000,000 XRP worth $90,216,153 moved from Upbit to an unknown wallet on July 12.
5. The 50 and 200 moving averages at $2.23 and $2.36 could act as support levels in case of a price decline.
Description
XRP price nears $3 as bullish momentum builds
