Major XRP Transfers Spark Speculation on Upcoming Market Shifts

XRP has experienced a drop in value over the last day, struggling to break through the $1.14 resistance level.

This price adjustment comes as major whale transactions have taken place, with over 210 million XRP moved across two separate transfers. These movements are stirring talk of a potential partnership between Ripple and Cardano.

In the past 24 hours, Whale Alert reported two massive XRP transfers. One saw 110.9 million tokens, valued at $123.6 million, moved from Binance to an unidentified wallet. Another transaction involved 100 million XRP, worth about $110.2 million, exchanged between two unknown wallets.

Whale activity like this often points to strategic moves ahead of potential shifts in the market. Despite XRP’s recent price drop, the mood remains cautiously optimistic, with many watching for any signs of a significant change driven by these large transfers.

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XRP Poised for Explosive Rally, Says Veteran Analyst

Adding fuel to the fire, speculation about Ripple’s potential collaboration with Cardano is growing. Public interactions between Ripple’s CTO, David Schwartz, and Cardano’s founder, Charles Hoskinson, have intensified rumors of a new partnership in the works.

Alexander Zdravkov