According to data by Whale Alert, in the last 10 hours, 93.3 million XRP have been sent by two crypto exchanges—Bybit and Binance—in three transactions.
— The City Telegraph (@city_telegraph) February 8, 2021
Several hours after that, XRP soared to the $0.47 level from $0.42. As has been happening, XRP was pushed back to sixth place with Polkadot claiming its top-five position on the CoinMarketCap scale.
76.7 million XRP shifted by two crypto giants
Ripple and Coinbase have together shifted $33.4 million in two transactions, carrying 21.7 million XRP (from Ripple) and 49.6 million XRP (from Coinbase).
Ripple transacted the crypto between its wallets, apparently cashing some funds out from the 6,301,231,477 XRP held by the company.
It still also has 48,100,000,013 coins locked in escrow and has distributed 45,589,527,373 XRP.
As a reminder, both Ripple and Coinbase have been sued by the U.S. security regulator recently regarding capitalizing on sales on allegedly unregistered securities; that is what the SEC called XRP in its official legal complaint on Dec. 21, 2020.
Soon after, multiple crypto exchanges suspended XRP trading, including Coinbase.
Ripple (XRP) Price Prediction 2021: Technical Analysis
Ripple (XRP) is still in bullish sentiment if you look closer at 5 min chart. EMA (Exponential Moving average) 50 is have crossed above EMA 200 – which is a strong bullish sign.
XRP is strong bullish with 4EMA (10,20,50,100): Crypto Price Prediction 2021
XRP Price Prediction: Technical analysis with VWAP (Default) with Pivot Point Standard (Fibonacci’s Monthly S/R)
February is a bullish month for XRP. Pivot point standard technical indicator give a resistance point at $0.52. On VWAP, since from 4th Feb, the green candle on VWAP gives a clear indication resulting to turn XRP a complete bullish for now and all set to reach $0.52 mark.
XRP/USDT: Pivot, Resistance and Support Levels for Day trading
Resistance Level (R3): 0.489
Resistance Level (R2): 0.468
Resistance Level (R1): 0.443
Pivot Point: 0.421
Support Level (S1): 0.396
Support Level (S2): 0.374
Support Level (S3): 0.349
Cardano (ADA) Successfully Flips XRP After 50% Weekend Surge, is ETH Next?
Beaten XRP Still On-Demand Despite Price Slump
Among its peers, XRP has been at par in its performance. While Bitcoin, Ethereum, and the likes of Cardano and Polkadot have set new highs, XRP has struggled to break above 2020 lows. This has majorly been influenced by the SEC’s recent decision to classify it as a security. But despite these flaws, a recent report by the company behind the token shows that it remains a favorite, registering a record number of clients.
Ripple confirmed that in Q4 2020, it sold XRP worth $76.27 million. This is roughly double what they sold in Q3 of the same year.
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Ripple price prediction conclusion: XRP to regain $0.755 level
Bulls are on course to build a giant buying momentum and take XRP/USD into the hallowed $0.7550 zone. Most of the technical metrics support the continuation of the bull trend. As the price continues to post new upticks, the XRP whales will increase the volumes. Investors will return to the XRP fold once the price crosses the $0.6500 level.
The wild fluctuations in the price now seem to have subsided. Thin weekend liquidity may cause some temporary price rise or fall. The price has managed to maintain most of the gains from the recent sharp uptrend. The $0.350 support will cap the downside. Bulls are going to be in charge of Ripple price prediction for the next few session. (Also Read: Cardano (ADA) Price Prediction Overtake Ripple (XRP) Will it reach $1)
What will ripple be worth in 2020?
In one year, the price of the coin is expected to fall to $0.02 by December 2020. In five years, they predict this cryptocurrency to trade at $0.029 in February 2025. TradingBeasts.com prognoses the XRP price to reach $0.361 by the beginning of March.
What will ripple be worth in 2025?
|Year||Potential High||Potential Low|
Will ripple reach $5?
According to all of these predictions, the majority of the companies are sure Ripple will not reach $10. But, the price of $5 is the realistic sum. Eventually, the value $5 will also represent 15x ROI which is actually great.