An anonymous crypto whale has suddenly purchased almost 1 million XRP. Two massive orders worth 1.7 million dollars have put the market on high alert. What does this investor know that the rest of the market does not see?
Whale fully bets on XRP price
According to analyst Xaif, the whale placed two large buy orders in quick succession: first 396,000 XRP, followed by another 502,000. Both transactions occurred at around 2.93 dollars. What makes it particularly noteworthy: The same investor is said to have made a profit of 275,000 dollars shortly before.
And yet he is entering again now – and this time with even more money. Is this pure coincidence, or is something happening that the rest of the market is not yet aware of?
Why this whale is entering now
The way the orders were placed suggests that this was not an impulsive action. This whale seems to be buying strategically at a critical moment. As if he expects a fundamental trigger – and is positioning himself before the rest of the market follows.
We saw such a pattern in previous bull markets, where big players quietly made their moves before the hype broke out. Analyst Xaif calls it the 'front-running' of a possible breakthrough.
Important date is approaching
There are many developments surrounding XRP. An important update in the lawsuit between Ripple and the US regulatory authority SEC is due on August 15. A positive turn could pave the way for major investors.
Additionally, Ripple is heavily engaged in new projects such as RLUSD, tokenized treasuries, and the launch of its own EVM-sidechain. There are also rumors of a possible XRP Spot ETF. Furthermore, institutional inflow is increasing, and whale wallets are becoming more active than ever – and one understands where the trust comes from.
XRP price: critical support at 2.90 dollars
The XRP price at the time of writing is about 2.94 dollars. Thus, the coin is just above an important support level. In the past week, the price fluctuated between 2.83 and 3.11 dollars. The resistance around 3.10 dollars holds, but the zone around 2.90 dollars remains intact for now.
Technical indicators still do not provide a clear signal. The RSI is neutral, and the moving averages are neither distinctly positive nor negative. A breakthrough above 3.10 dollars would pave the way for further increases, but if XRP falls below 2.90 dollars, it will get interesting.
Source: https://newsbit.de/ein-whale-kauft-fast-1-million-xrp-weiss-er-etwas-das-wir-nicht-wissen/
