➢ According to Whale Alert, a service dedicated to tracking large-scale cryptocurrency movements, Ripple has recently received a whopping one billion #XRP tokens from wallets that are currently unrecognized.🤑
➢ The service noted four individual transactions, comprising 430 million, 300 million, 200 million, and 70 million tokens. This situation has been used by some XRP skeptics to draw attention to the cryptocurrency's links with Ripple Labs.💵
➢ However, it’s important to note that these transfers are likely part of XRP ‘s regular monthly escrow unlocks, as the total amount aligns with the company's established release pattern. 🧐
🤓Conclusion:
➢ Some users found it perplexing that these wallets were categorized as unknown, given that Ripple's escrow wallets are publicly available. This might suggest that Whale Alert did not accurately identify the tokens involved.😂
🤓Market Update:📊
➢ $XRP had dramatic few days! It started strong at $3.15 but then faced a steep decline to $1.77. Just when it looked bleak, it bounced back to $2.45. The rollercoaster ride continued with another drop to $2.20, followed by a rise to $2.67. What an incredible sequence of events!🎢
➢ Should it keep expanding at this consistent rate, it might very well return to the $2.90 mark, or even higher.📈
➢ The trading volume in USDT for the last 24 hours is 4.70 billion.💪
🤓Trading advice: If you're thinking about making a purchase for a short-term or a long-term trade, it's wise to keep a close eye on the market. Pay attention to the 1h and 15m charts, along with the 24h volume, MACD, and RSI. Observing these indicators for a period of 1-4 hours for short-term trading and to 2-3 days for long-term trading can help you lock in a better price.👍
🚨Attention: Please keep in mind that cryptocurrency investments and trades always come with risks, and market conditions can change quickly! If you enjoyed the article/post, it is greatly appreciated if you would share your thoughts in the comments, give it a like and please follow for more insights, research, analysis, and trends related to cryptocurrencies. Wishing you all lots of success for the CryptoTrends2025!🤑👍
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