Whale Transfers 30.5 Million XRP to Coinbase Amid Market Concerns
XRP Analysis
- XRP struggles to surpass the $3 level, facing selling pressure.
- A whale transferred 30,507,683 XRP (~$92 million) to Coinbase, indicating potential sell-off.
- Currently trading below the 20-day EMA of $3.02, testing support at the 50-day EMA of $2.95.
- Analyst Benjamin Cowen predicts a possible correction to $2.60–$2.70 before any peak.
- Market sentiment remains cautious despite some analysts projecting a target of $10 for XRP.
XRP Distribution Insights
- New data shows increased accessibility for retail holders in the XRP Rich List.
- Entry to the top 10% of wallets requires holding 2,396.7 XRP (around $7,190).
- Number of wallets in the top 10% rose from 679,990 to 690,984, with a lower capital requirement.
TOKEN6900 Presale Update
- TOKEN6900 has raised nearly $3 million in presale, offering a 33% APY on staking.
- Current presale price is $0.007125.