Whale Alert, a service tracking significant cryptocurrency transfers, reported a large XRP transaction involving Binance. The monitoring platform revealed that 40,000,000 XRP, valued at approximately $124,788,255, was deposited into Binance. The transfer originated from an unidentified blockchain address.

In parallel, XRPUSD has shown bullish momentum on the hourly chart. As of this report, XRP is trading near a significant resistance level, with minor intraday charts indicating a potential breakthrough.

XRPUSD Bullish, Approaching Key Resistance

XRPUSD has shown bullish behavior on the H1 chart today. The 2.91800 level has acted as support. After forming a bullish engulfing candle, the price has gained upward momentum. It is currently trading around 3.33700, a level where the price has previously reacted multiple times.

A breakout with confirmation at this level could attract more buyers and drive the price further upward. Intraday minor charts have also been bullish, creating strong support zones, suggesting that traders may enter long positions from these value areas.

Expect Ongoing Updates.

This article was written by Tareq Sikder at www.financemagnates.com.TrendingRead More

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