XRP Breaks above $1 for the First Time since 2018, Returns to Top 4, Targets $1.50
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According to Whale Alert, the live tracker of large cryptocurrency transactions from and to exchanges, a crypto whale has just transferred 90,000,000 XRP worth $19,721,505 from an unknown wallet to another.

Virtually all the top digital currencies are firing on all cylinders in terms of price at the moment, and crypto whales have not seized from carrying out their incessant huge asset transactions.

Due to the fact that the majority of the cryptocurrencies replicated the positive price trend of Bitcoin (BTC) in the last two halving conducted, many analysts are now of the opinion that the upcoming BTC halving will also favor the price of other alternative cryptocurrencies, as it played out in the past.

Crypto Whale Moved 90 Million XRP worth $19,721,505

Whale Alert reported the movement of 90,000,000 XRP worth $19,721,505 at price time, from an unknown wallet to another.

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According to the report, the transaction was effected on 29th April 2020, at 14:08:02 UTC, from an unknown wallet rJYN9HpJrr2g1Krwjmdsuy53SLh52XuHv2 to rNFRDb4JmRtTo5xsrrd8isFUpQ6V95Jch9.

Whale Alert shared this, “90,000,000 XRP (19,721,505 USD) transferred from unknown wallet to unknown wallet.”

Crypto Whale Transfers 90 Million XRP worth $19,721,505
Courtesy of Whale Alert

The Impact of the Transaction on the Price of XRP

Due to the nature of the huge transaction, the price of XRP is not expected to experience a notable impact. It could have been another story if such a huge movement was from an unknown wallet to an exchange, which indicates asset sell-off.

XRP has managed to break above $0.2 resistance level, and the digital token is successfully holding the support level for further price uptrend.

This present price uptrend is as well applicable to other top cryptocurrencies, such as Bitcoin (BTC), the largest cryptocurrency by market capitalization, Ethereum (ETH), Litecoin (LTC), EOS, and others. At the time of filing this report, XRP is trading at $0.221003, with a 6.38% price upsurge in the last 24 hours.

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Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.