{"id":556241,"date":"2023-10-20T11:00:23","date_gmt":"2023-10-20T11:00:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=556241"},"modified":"2024-06-11T08:00:47","modified_gmt":"2024-06-11T08:00:47","slug":"xrp-price-crosses-0-53","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/xrp-price-crosses-0-53\/","title":{"rendered":"XRP Price Crosses $0.53 But These Factors Suggests Rally Is Far From Over"},"content":{"rendered":"

The XRP price saw an impressive run over the last day after news broke that the US Securities and Exchange Commission (SEC) was dropping its lawsuit against Ripple\u2019s executives. This surge carried on into Friday as the altcoin\u2019s price<\/a> was able to clear the $0.53. Naturally, there has been a pullback from this price level, but whale transactions suggest that the rally may not be over.<\/p>\n

Crypto Whales Flex Their Buying Power<\/h2>\n

In the last day, crypto whales have been showing their buying power as the price of cryptocurrencies such as XRP<\/a> saw a recovery. The first indication of this was a number of large USDT transactions that were making their way toward centralized exchanges.<\/p>\n

Related Reading: XRP Price Prediction: Rare Bent Fork Pattern Predicts Explosive 3000% Surge To $15<\/a><\/div>\n

The first of these reported<\/a> by whale tracker Whale Alert was $100 million in USDT transferred to Binance. Then two other transactions carrying the same amount of tokens followed suit, all headed for the Binance exchange<\/a> as well. Another 50 million USDT<\/a> would make their way to the exchange just a couple of hours later.<\/p>\n

Then the minting of $1 billion USDT at the Tether Treasury took place as Thursday drew to a close. What followed was a number of transactions carrying USDT in 50 million tranches headed for Binance. The transactions continued into Friday, with the most recent being two hours old, at the time of this writing.<\/p>\n

\"XRP<\/p>\n

XRP remains bullish | Source: XRPUSDT on Tradingview.com<\/a><\/pre>\n
What This Means For XRP Price<\/h2>\n
The continuous transfer of stablecoins to centralized exchanges can often signal a willingness to purchase cryptocurrencies. Mostly, these purchases are in Bitcoin but the buying power tends to have a trickle-down effect. Meaning, that as the price of Bitcoin goes up<\/a>, so will the XRP price.<\/p>\n
In this case, if whales continue to buy and push the Bitcoin price past $30,000, then the XRP price is likely to follow suit and break the $0.55 resistance while at it. However, the XRP price also faces strong resistance as whales have taken to selling.<\/p>\n
Related Reading: XRP Price Set For Massive Rally As BlackRock And JPMorgan Make Their Move<\/a><\/div>\n
As Whale Alert shows, there were a number of large XRP<\/a> transactions headed toward centralized exchanges. The most notable of these are the 32.3 million XRP<\/a> worth $15.79 million at the time sent to the Bitso exchange, as well as the 31.1 million XRP worth $15.2 headed to the Bitstamp exchange<\/a>.<\/p>\n
These whale movements suggest a battle between bulls and bears as they struggle for dominance. But XRP price continues to show strength with 7.44% gains in the last 24 hours, and up 6.94% in the last seven days.<\/p>\n
Featured image from Bitcoinist, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The XRP price saw an impressive run over the last day after news broke that the US Securities and Exchange Commission (SEC) was dropping its lawsuit against Ripple\u2019s executives. This surge carried on into Friday as the altcoin\u2019s price was able to clear the $0.53. Naturally, there has been a pullback from this price level, but whale transactions suggest that the rally may not be over. Crypto Whales Flex Their Buying Power In the last day, crypto whales have been showing their buying power as the price of cryptocurrencies such as XRP saw a recovery. The first indication of this was a number of large USDT transactions that were making their way toward centralized exchanges. Related Reading: XRP Price Prediction: Rare Bent Fork Pattern Predicts Explosive 3000% Surge To $15 The first of these reported by whale tracker Whale Alert was $100 million in USDT transferred to Binance. Then two other transactions carrying the same amount of tokens followed suit, all headed for the Binance exchange as well. Another 50 million USDT would make their way to the exchange just a couple of hours later. Then the minting of $1 billion USDT at the Tether Treasury took place as Thursday drew to a close. What followed was a number of transactions carrying USDT in 50 million tranches headed for Binance. The transactions continued into Friday, with the most recent being two hours old, at the time of this writing. XRP remains bullish | Source: XRPUSDT on Tradingview.com What This Means For XRP Price The continuous transfer of stablecoins to centralized exchanges can often signal a willingness to purchase cryptocurrencies. Mostly, these purchases are in Bitcoin but the buying power tends to have a trickle-down effect. Meaning, that as the price of Bitcoin goes up, so will the XRP price. In this case, if whales continue to buy and push the Bitcoin price past $30,000, then the XRP price is likely to follow suit and break the $0.55 resistance while at it. However, the XRP price also faces strong resistance as whales have taken to selling. Related Reading: XRP Price Set For Massive Rally As BlackRock And JPMorgan Make Their Move As Whale Alert shows, there were a number of large XRP transactions headed toward centralized exchanges. The most notable of these are the 32.3 million XRP worth $15.79 million at the time sent to the Bitso exchange, as well as the 31.1 million XRP worth $15.2 headed to the Bitstamp exchange. These whale movements suggest a battle between bulls and bears as they struggle for dominance. But XRP price continues to show strength with 7.44% gains in the last 24 hours, and up 6.94% in the last seven days. Featured image from Bitcoinist, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":556259,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[85977,10263,89692,4531,87387,13172,89506,86043,10972,78763],"class_list":["post-556241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto-whales","tag-usdt","tag-usdt-whales","tag-xrp","tag-xrp-performance","tag-xrp-price","tag-xrp-price-performance","tag-xrp-whales","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Crosses $0.53 But These Factors Suggests Rally Is Far From Over<\/title>\n<meta name=\"description\" content=\"The XRP price saw an impressive run over the last day after news broke that the US SEC was dropping its lawsuit against Ripple\u2019s executives.\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Crosses $0.53 But These Factors Suggests Rally Is Far From Over","url":"http:\/\/ktsl888.com\/news\/ripple\/xrp-price-crosses-0-53\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ripple\/xrp-price-crosses-0-53\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/XRP.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/XRP.jpeg?fit=1240%2C698"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto whales","usdt","usdt whales","xrp","xrp performance","xrp price","xrp price performance","xrp whales","xrpusd","xrpusdt"],"dateCreated":"2023-10-20T11:00:23Z","datePublished":"2023-10-20T11:00:23Z","dateModified":"2024-06-11T08:00:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Crosses $0.53 But These Factors Suggests Rally Is Far From Over\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-price-crosses-0-53\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ripple\\\/xrp-price-crosses-0-53\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/XRP.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/XRP.jpeg?fit=1240%2C698\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto whales\",\"usdt\",\"usdt whales\",\"xrp\",\"xrp performance\",\"xrp price\",\"xrp price performance\",\"xrp whales\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-10-20T11:00:23Z\",\"datePublished\":\"2023-10-20T11:00:23Z\",\"dateModified\":\"2024-06-11T08:00:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/XRP.jpeg?fit=1240%2C698","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/556241"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=556241"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/556241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/556259"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=556241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=556241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=556241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}