Amelie, a well-known figure in the cryptocurrency community, drew attention to a sharp rise in XRP transactions, noting a transaction volume of over $5 billion in 24 hours.
Increase in XRP Network Activity
According to data, XRP wallet activity surged by over 600%, signaling significant market movement. “Big money is moving—something is brewing with XRP,” stated Scott Melker, host of The Wolf of All Streets podcast.
Analysis of Whale Activity
Recent data shows that large-scale XRP transfers have increased significantly, fueling speculation about potential institutional involvement or strategic accumulation. A report from Times Tabloid confirmed that 5.37 billion XRP moved within 24 hours. Such large transfers may indicate internal restructuring among institutions or preparation for major market events.
XRP Price Forecast
While some community members are optimistic about XRP’s short-term prospects, the asset is currently down over 7%, trading at $2.13. However, this decline presents a potential buying opportunity as many large investors anticipate a significant move in the near future.
The situation in the XRP market remains uncertain, but increased transaction activity is attracting attention from traders and analysts. Monitoring further developments is crucial to understanding potential market implications.
