A large transfer of 90 million XRP, valued at 195.16 million USD, was highlighted by Whale Alert. This significant move between two unspecified wallets caught traders’ attention, raising debates over its strategic implications or whether it’s typical exchange activity amidst volatile market conditions.
Despite considerable transfers, XRP’s price dropped by over 4% due to prevailing crypto market downturns. This highlights the market’s current bearish sentiment, with traders closely watching price movements for signs of either recovery or further declines.
Analysts maintain a positive long-term outlook for XRP, predicting potential new all-time highs by 2025. They believe favorable metrics and Ripple’s evolving ecosystem may drive future price surges, focusing on resistance levels critical for potential growth above the key $2 support level.