I-Ripple Records iiNtengiselwano ezimbini zeWhale phakathi kweRumored Coinbase Relisting

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Crypto analytics platform Whale Alert has reported two large I-Ripple (XRP) transactions involving 38.9 million tokens (worth $28.2 million at press time). The report showed that one of these transactions was carried out by Ripple itself and the other by the world’s largest crypto exchange by trading volume.

Binance reportedly transferred 18,972,524 XRP (worth $13.7 million). However, XRP-focused platform Bithomp revealed that this transaction only moved between Binance’s internal wallets.

Whale Alert explained that the second transaction involving the transfer of 20,000,000 XRP (worth $14.5 million) originated from an anonymous address to the Philippines-based crypto trading venue Coins.ph. This crypto exchange serves as a Ripple ODL partner.

The data from Bithomp showed that the transaction came from Ripple wallet RL 18-VN. This wallet address is often used for ODL transactions and to move Ripple-related tokens beyond Ripple, where they can subsequently get sold to exchanges or sent company customers or crypto custody firms.

Meanwhile, the XRP community recently went into a row after Coinbase transferred about 88 million XRP. Many community members speculated that the exchange could be considering reinstating XRP on its platform after banning the token in December 2021 amid the SEC vs. Ripple legal battle.

Amanqanaba eRipple angundoqo ekufuneka abukele — nge-23 kaFebruwari

XRP has maintained a mild bullish status for the past 48 hours, helping the cryptocurrency approach the $0.7500 resistance. Currently, the sixth-largest cryptocurrency appears to be facing some headwinds from the daily 50 SMA at $0.7300, which coincides with the critical support line at that level.

XRPUSD -Itshathi yemihla ngemihla kwi-Bitfinex. Umthombo: TradingView

Moving on, XRP is not out of the bearish woods yet and still has a lot of ground to cover to flip the prevailing sentiment. However, with the ongoing geopolitical factors, XRP could remain on the backfoot pending a return to risk-loving appetite by investors.

Okwangoku, amanqanaba am okumelana ne-$ 0.7500, i-$ 0.8000, kunye ne-$ 0.8250, kwaye amanqanaba am enkxaso yi-$ 0.7000, i-$ 0.6800 kunye ne-$ 0.6500.

Imali iyonke yentengiso: $ 1.75 zezigidi

Uqoqosho lweRiple capitalisation: $ 34.7 billion

Ukulawula kweRipple: 1.98%

Inqanaba lentengiso: #6

 

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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