- Recent data showed a significant outflow of XRP by whales from one of the top exchanges.
- Market sentiment was bullish, with expectations that XRP could reach $4 before establishing a new trading range.
Over the past month, XRP experienced a remarkable rally, recording a 148.54% increase in price. However, its momentum has slowed, entering what appears to be an accumulation phase.
This period of consolidation has contributed to a more subdued price trend, resulting in weekly losses of 2.43% and a daily dip of 0.93%.
Analysis by AMBCrypto highlighted the possibility of a price recovery, but there was a possibility that the process may face delays, depending on market conditions.
Whales trigger market-shifting moves in XRP
According to Whale Alert, XRP has seen a significant outflow from Binance, one of the largest cryptocurrency exchanges, over the past 24 hours.
Tracking data showed that 800,000 XRP, valued at $1,927,321,529 at the time of recording, was moved out of the exchange.
Large-scale outflows like this often points to a bullish market senti…
