news 
XRP Price Faces Major Resistance Test, Will It Pass?
Yesterday, a significant transaction was observed in the XRP market, where 30.17 million XRP, valued at approximately $69.24 million, were moved from an unknown wallet address to Coinbase. The sudden movement has sparked concern among some market participants that this large transfer may indicate a potential market sell-off.
On the other hand, others have speculated that the whale is possibly purchasing and withdrawing assets from the centralized exchange into personal custody. This move could still generate disruptions for the token, despite having no direct correlation with the transaction itself.
XRP continues to search for its balance, and a major crypto market recovery might help boost the price. Additionally, it’s worth noting that XRP Ledger recently reached a significant milestone, which could potentially have a positive impact on the token’s value.
While we await further confirmation of these events, many are wondering whether the XRP price will successfully overcome this resistance test or fall in response to the whale’s actions.
As always, U.Today will continue to closely follow any updates and provide relevant insights to our readers.
Advertisement
Source: u.today
