The XRP market is witnessing a surge in activity, primarily driven by two massive transactions. Recently, Whale Alert reported a transfer of 470 million XRP, worth approximately $250 million, conducted by Ripple itself. This transfer has captured the market’s attention, creating a bullish sentiment around XRP.
Another notable transaction involved the transfer of 100 million XRP, valued at over $53 million. These transactions have fueled the market's optimism, raising the question of whether XRP can achieve the $0.65 price target.
These movements in heavy XRP trading align with a broader bullish trend for the cryptocurrency, recently reinvigorated after political shifts. As Ripple executes large-scale transfers, investor interest and speculation about future XRP price movements intensify.
