A recent transfer of 25 million XRP triggered significant interest in the crypto community, but it has been revealed that the initial data was incorrect. Instead of Bitstamp, the transfer originated from another service.
Massive XRP Transfer
According to Whale Alert, significant movement of XRP occurred in the market. 25 million XRP were transferred, equating to 72.69 million USD. This transfer sparked much discussion among cryptocurrency investors.
Misreported Data About Bitstamp
Initially, it was believed that the transfer was executed from the Bitstamp exchange. However, data analysis from XRPscan revealed that the transfer was made between wallets belonging to another major player in the market — BitGo. Interestingly, the reason Whale Alert referenced Bitstamp remains unknown.
Analysis and XRP Predictions
Crypto analyst Ali Martinez suggests that XRP is preparing for a price rebound. He pointed to signals indicating a potential price rebound, based on chart analysis using the TD Sequential indicator. Currently, XRP is trading at $2.89, reflecting a 3% decline over the past 24 hours.
The situation surrounding the XRP transfer highlights the importance of accurate data analysis in the cryptocurrency space. Information about transfers can heavily influence market trends and investor decisions.
