Whales Conspire to Move XRP, Will the Price Increase Happen for XRP?

<p>&nbsp;As of today, the XRP cryptocurrency has once again caught the attention of market watchers as this group of whales rerouted massive amounts over the past twenty-four hours.</p><p><br /></p><p>In a series of transactions centered on the cryptocurrency XRP, three whale movements were found to transfer tokens to CEX and an unknown wallet. This has attracted significant attention in the crypto market in general.</p><p><br /></p><p>According to Whale Alert, a blockchain tracking platform, three XRP whale movements occurred in the last twenty-four hours. Specifically, the first Whale transaction that caught the attention of crypto traders and investors was found to have transferred 90 million XRP from Ripple, a payment and currency exchange network, to an unknown wallet. The total tokens transferred were worth $55.24 million.</p><p><br /></p><p><br /></p><p>Further, another whale transaction that caught the attention of crypto enthusiasts transferred 85 million XRP. The amount transferred was valued at $51.99 million. Another group of whales was found to have transferred 25.50 million XRP to Bitstamp, a cryptocurrency exchange. Actions like this have brought speculation among investors.</p><p><br /></p><p>At the time of writing, XRP price has seen a slight decrease of 1.54%, reaching $0.6145 in the last twenty-four hours. Moreover, the token experienced a significant decline of 6.72% in the last seven days.</p><p><br /></p><p>It should be noted that there is a crypto analyst, Dark Defender, who recently gave a view that this cryptocurrency may be preparing for a recovery in the near future.</p>