Whale Alert detected a transfer of 29,532,534 XRP, valued at 73,380,255 USD, to Coinbase on May 12. This transfer raises concerns about selling pressure in a declining market.
XRP experienced a price increase of 6.87%, holding steady near 2.53 USD. However, increased whale activity indicates potential for significant sell-offs amid rising trading volumes.
Investors speculate that XRP may maintain its price above 2 USD, with hopes of reaching 3 USD. The bullish sentiment is fuelled by increased trading activity, despite the threat of large sell-offs from whales.
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