Ripple Transfers 83 Million XRP – XRP/USD Bulls to Target $0.34

SAN FRANCISCO, California – As per XRPL Monitor, Ripple transferred more than 83 million XRP, amounting to $19.8 million, in the past 24 hours. Ripple also moved 33 million XRP at first, and the 50 million XRP followed. Moreover, XRP witnessed a bullish price increase of 9.5%, reaching $0.24.

Crypto insiders track the rise in the activities of Ethereum, Bitcoin, and XRP whales because the momentum of the market changes to big-cap digital assets.

The San Francisco-based startup, Ripple, transferred more than 83 million XRP in the previous 24 hours, and it amounts to $19.8 million in total. XRPL Monitor, an XRP-watching bot, reported this transaction, stating that there were two separate transactions from this digital asset.

Ripple transferred 33 million XRP to its digital wallet, amounting to $7.45 million, and the company sold these to third parties. Another transaction was the 50 million XRP or $11.5 million, and the company moved it to an unknown wallet.

Despite the transfer, XRP records a three-month high price. XRP witnessed a bullish 9.5% price increase today, reaching $0.24.

The XRP/USD pair attempts to hit over April highs. XRP endures increasing after hitting $0.241 from its 200-days EMA, which is at the price of $0.21. This digital asset was able to drive over the resistance level of $0.225 and $0.23 until it reaches the price level of $0.24.

If XRP bulls can endure closing over the price level of $0.25, it will create a new five-month high. With this movement, it will start an original run moving back to the 2020 highs of $0.34, which is the XRP price prediction.

The XRP and USD pair has a resistance level of $0.245 if buyers endure pushing. The resistance follows the $0.25 and $0.255 price levels, which is the 0.618 Fib retracement level.

The support’s first level for pricing is at $0.234. After that price, the support is at $0.225, $0.22, and $0.21 or 200-days EMA.

The Stochastic RSI and RSI hit overbought conditions, and it might propose that the market might be a bit overextended.

As for the XRP/BTC pair, the bulls brawl to get over the 100-days EMA. Despite the position of XRP over USD, the situation endures being dire for XRP over Bitcoin. The price was exchanging within a small triangle back in July, and earlier, the price broke it.

XRP is unable to get over the resistance SAT at 2200 or 100-days EMA. The price plunged slowly down to the 2022 SAT level. After rebounding, it tries to break the SAT resistance of 200.

The short term XRP price prediction for XRP and BTC pair has a resistance level at 2200 SAT. After this level, the next lie in 2251. SAT.

Today, the RSI was able to break over the 50 lines, and it comes with a sign, showing that the impetus is beginning to move to the bull’s favour. Also, the Stochastic RSI is aware of a strong crossover signal, which might make the market higher.

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Jamie West

Jamie is an XRP veteran & keeps his finger on the pulse when it comes to all things crypto.

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