The post XRP Price Prediction: Whale Activity and Token Unlock Set Stage for Breakout appeared first on Coinpedia Fintech News

XRP, the cryptocurrency backed by Ripple Labs, experienced a volatile trading period around a critical support/resistance level this Thursday, mirroring a notable whale offloading activity. As per recent market data, XRP was traded at roughly $0.52 during the early hours of the London session, marking a 1.2% decrease within the last 24 hours. With a daily trading volume averaging about $1 billion, the market anticipates heightened volatility in the weeks ahead.

Here’s what you can expect.

Whale Activity Prompts Market Stir

A recent on-chain analysis by Whale Alert highlighted a substantial movement of 26.8 million XRP, valued at around $14.2 million, from an unidentified wallet to a wallet controlled by Bitstamp. The same wallet, presumed to be under Ripple’s management, also moved about 20.4 million XRP to the Bitso crypto exchange. Earlier this week, it carried out three transactions, totaling nearly $45 million, to Bitstamp.