Close Menu
  • Home
  • News
  • Bitcoin
  • Ripple
  • Shiba Inu
  • Cardano
  • All Posts
What's Hot

Bitcoin May Dominate as a Store of Value, While VeChain Excels in Real-World Applications

Jun. 10, 2025

SHIB Team States “It’s Getting Serious” as Shiba Inu Readies for Significant Developments

Jun. 10, 2025

Is it Possible for Shiba Inu to Re-enter the Top 10 if Shibarium Incinerates 10 Trillion SHIB Each Month?

Jun. 10, 2025
Facebook X (Twitter) Instagram
Global Bit VisionGlobal Bit Vision
Facebook X (Twitter) Instagram Pinterest
  • Home
  • News
  • Bitcoin
  • Ripple
  • Shiba Inu
  • Cardano
  • All Posts
Subscribe
Global Bit VisionGlobal Bit Vision
Home » Significant XRP Whale Movement 28 Million Removed from Binance Sparks Speculation of XRP Price Surge to 1
Ripple

Significant XRP Whale Movement 28 Million Removed from Binance Sparks Speculation of XRP Price Surge to 1

By adminJun. 11, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Significant XRP Whale Movement 28 Million Removed from Binance Sparks Speculation of XRP Price Surge to 1
Significant XRP Whale Movement 28 Million Removed from Binance Sparks Speculation of XRP Price Surge to 1
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

The XRP network has seen a surge in whale activity, with large holders moving their assets to unknown wallets, potentially setting the stage for a significant price increase for XRP.

Analyst Chad Steingraber has made a bold prediction, forecasting that XRP could reach $250 by 2025. He attributes this optimistic outlook to the potential approval of an XRP ETF and the resolution of XRP’s legal battle with the SEC.

Recent data from Whale Alert, a cryptocurrency transaction tracking service, has revealed a notable increase in activity by XRP whales. Large transactions on the XRP network over the past 24 hours indicate a shift in sentiment towards the XRP token.

Several substantial transactions on the XRP blockchain have been identified by Whale Alert, primarily involving whale activity. Whales, known for their ability to influence crypto prices, have been moving significant amounts of XRP assets.

In a recent development, a large amount of XRP was transferred from an address linked to Binance, the largest crypto exchange by volume. This transaction, valued at approximately $13.2 million, was sent to an unknown wallet with a minimal fee.

Additionally, another significant transfer of 30,406,274 XRP, worth around $15 million, suggests a bullish sentiment among XRP whales as they appear to be accumulating and holding onto their assets for the long term.

However, not all whale activity indicates a positive outlook. A whale deposited 30,320,000 XRP (about $15 million) on the Bitstamp platform, potentially signaling a plan to sell XRP and exert downward pressure on the price.

Despite these fluctuations, the overall effect of whale activity seems to be positive for XRP. The withdrawals for long-term holding reduce the available supply on exchanges, potentially driving up the price due to increased scarcity.

Chad Steingraber’s bullish prediction for XRP’s future price is supported by the potential approval of an XRP ETF and the resolution of legal issues with the SEC. These developments could drive institutional demand and significantly impact the price of XRP.

In conclusion, the recent surge in whale activity, coupled with optimistic predictions and potential regulatory milestones, indicates a positive outlook for XRP’s future performance.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleCracking the Code of the 1 Cent Dream Is Shiba Inu Capable of Reaching 001
Next Article SHIB Community Burns 76 Million Tokens Increasing Shiba Inus Burn Rate by 70000

Related Posts

Ripple

XRP is Gaining Traction on Wall Street in 2025 – 9 Key Reasons

By adminMay. 19, 2025
Ripple

Could XRP Facilitate BRICS’ Gold-Backed System? Ripple Speculations Grow Stronger

By adminMay. 16, 2025
Ripple

Ripple Engages with UAE Leaders to Promote Blockchain Payment Solutions

By adminMay. 15, 2025
News

XRP Update: Ripple Executive Discusses Withdrawal of SEC Appeal and the United States’ Journey Towards Effective Cryptocurrency Regulation

By adminMay. 4, 2025
Ripple

Key Crypto ETFs to Monitor in 2025: XRP, SOL, LTC Expected to Receive Approval

By adminMay. 1, 2025
Ripple

Ripple Proposed Acquisition of Circle—What Happened to the $5 Billion Agreement?

By adminMay. 1, 2025
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Bitcoin May Dominate as a Store of Value, While VeChain Excels in Real-World Applications

Jun. 10, 2025

Bitcoin (BTC) is always hailed as “digital gold”Seen as a modern store of value with lasting app…

SHIB Team States “It’s Getting Serious” as Shiba Inu Readies for Significant Developments

Jun. 10, 2025

Is it Possible for Shiba Inu to Re-enter the Top 10 if Shibarium Incinerates 10 Trillion SHIB Each Month?

Jun. 10, 2025

VeChain Launches First VeBetter Grant — Cast Your Vote Now

Jun. 9, 2025
Top Posts

BantGo and Verofax Join Forces on Blockchain Rewards for Recycling Electronics: Another Promising Application of VeChain

Oct. 26, 2023

Exploring VeChain’s Market Aspirations and Billion-Dollar Applications: A Journey towards $1 VET

Oct. 30, 2023

Vechain’s Vision: Utilizing Blockchain to Combat the Climate Crisis – Will this Drive VET to Reach New All-Time Highs?

Oct. 30, 2023

Vechain x Coinbase Rewards Program: Earn VET on Coinbase

Oct. 31, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
About Us
About Us

Global Bit Vision is your premier platform for exploring the realm of blockchain and cryptocurrency. We provide the latest industry updates, in-depth analysis, and exclusive reports to help you gain a deep understanding of the digital asset market and seize investment opportunities for wealth appreciation.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Bitcoin May Dominate as a Store of Value, While VeChain Excels in Real-World Applications

Jun. 10, 2025

SHIB Team States “It’s Getting Serious” as Shiba Inu Readies for Significant Developments

Jun. 10, 2025

Is it Possible for Shiba Inu to Re-enter the Top 10 if Shibarium Incinerates 10 Trillion SHIB Each Month?

Jun. 10, 2025
Most Popular

Harvard Law Provides Insight on SEC’s Ripple Lawsuit Defeat Amid XRP Price Decline

Mar. 15, 2024

VeChain’s Growth Fueled by Innovations and Ecosystem Expansion

Apr. 26, 2024

CoinShares Report Reveals: Institutional Investors Boost Allocations, Fueling Solana’s Growing Attraction

Apr. 28, 2024
  • Home
  • News
  • Bitcoin
  • Ripple
  • Shiba Inu
  • Cardano
  • All Posts
© 2025 Global Bit Vision All rights reserved.

Type above and press Enter to search. Press Esc to cancel.