XRP Liquidity Tracker Reveals Potential Price Movement Signal

The XRP Liquidity on the X tracker has shed light on a mysterious, smart wallet that could signal when Ripple’s cryptocurrency XRP is poised to reach new heights in its valuation. The focal point is a smart money wallet named “Musk.” The anonymous owner of this wallet has a keen interest in famous figures from astronomy, science, and technology.

This is evidenced by other wallet name tags like Isaac Newton, Andreessen, Turing, Sagan, and Faraday. These wallets, including the one dubbed “Musk,” were all activated between 2013 and 2014, shortly after XRP began trading. The cryptocurrency whale behind this cohort of wallets initiated their activities with the Sagan wallet in June 2013. They then activated the Isaac Newton and Musk wallets in November of that year.

Subsequently, these initial wallets activated several other addresses, culminating in the spotlight on an untagged wallet called rpdfM4K. The Isaac Newton address brought this rpdfM4K wallet into existence in Aug 2017. On Aug 26, 2017, rpdfM4K received the combined coin holdings from the aforementioned tagged wallets, amassing 20 million coins.

Untagged rpdfM4K Wallet: Potential XRP Price Indicator

Observers notably highlighted the behavior of this untagged rpdfM4K wallet in Dec 2017 as potentially indicating imminent coin price peaks. During the XRP bullish wave that commenced on Dec 11, 2017, rpdfM4K executed transfers totaling 2.99 million XRP to the Bitstamp exchange on Dec 14. Merely 21 days after these transactions, XRP achieved its all-time high valuation of $3.31.

Since executing that significant transfer in late 2017, the rpdfM4K wallet has retained approximately 17 million XRP in its holdings. The coin Liquidity on X tracker strongly advises cryptocurrency investors to keep a very close watch on the activity of this rpdfM4K wallet. Similar large future transfers from this address could signal that XRP is on the verge of another major price movement upwards.

XRP price today is $ 0.566434 with a 24-hour trading volume of $ 2.24B and a market cap of $ 30; the coin price increased 0.70% in the last 24 hours.

Source: CoinMarketcap

Related Reading | South Korea Party Delays Crypto Tax For Regulation Reform

Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.

Comments (No)

Leave a Reply