Recent news about the sale of 40 million XRP tokens by whales raises questions about potential price changes in cryptocurrency. Analysts are discussing the current state of XRP and expected corrections.
Whales Sell XRP
Crypto analyst Ali Martinez reported that whales have sold 40 million XRP tokens over the past 24 hours. This sale has triggered anticipation for a possible price correction. Furthermore, the movement of 1,000 BTC to an unknown wallet has been confirmed, valued at approximately $115,162,833 at the time of the transfer.
CITE_NA: "Whales sold 40 million XRP in the last 24 hours!".
Current Trends and Projections
Currently, XRP shows a steady gain, up by 0.95% in the last 24 hours, trading at $3.03. In the past week, its price surged by 8.93%. The 24-hour trading volume has reached $5.75 billion, marking a 35.86% increase. However, concerns about a price correction persist, with predictions suggesting a decline of 0.49% over the next five days.
XRP Price Projection at $1,000
It was previously reported that XRP's price could potentially breach the $1,000 mark. This projection was made by Armando Pantoja, who noted that the Ripple vs. SEC lawsuit previously limited XRP's value. The resolution of the lawsuit, he suggested, feels like a fresh start.
The situation with XRP continues to attract attention from investors and analysts as whale activity and varying projections highlight the market's volatility.
