Usman Salis
A jaw-dropping $72 million XRP (Ripple) transfer had the crypto world buzzing until the truth came out – it wasn't what everyone thought. Despite the confusion, technical signals suggest XRP might be gearing up for its next big move.
The $72M XRP "Whale" That Never Was
Here's what actually happened: Whale Alert dropped a bombshell claiming that 25 million XRP tokens (worth $72.69 million) had been yanked from Bitstamp exchange into some mystery wallet. The crypto crowd went wild, thinking big-money whales were loading up on XRP for the next bull run.
But hold up – that's not what happened at all.
XRPscan, the blockchain detective that actually knows what it's talking about, quickly called BS on the whole story. Turns out, the massive transfer didn't come from Bitstamp. It came from BitGo, a major crypto custodian, and get this – it was just an internal shuffle between two of their own wallets. No whale, no accumulation, just housekeeping.
Why Whale Alert got it so wrong? Nobody knows, but it sure got people talking.
XRP (Ripple) Price Prediction: Technical Signals Say "Buy" Despite the Fake News
While everyone was busy arguing about the phantom whale move, crypto analyst Ali Martinez dropped some actually useful info. His technical analysis shows XRP might be setting up for a comeback, and the charts are backing him up.
Martinez shared a chart on X showing that the TD Sequential indicator just flashed a buy signal on XRP's hourly timeframe. For those who don't speak chart-nerd, the TD Sequential is a fancy tool created by Tom DeMark that's pretty good at spotting when a trend is about to flip. Right now, it's saying XRP's downward slide might be running out of steam.
Here's the reality check though: XRP is currently sitting at $2.89, down about 3% in the last 24 hours. Since August 14, it's taken a brutal 13.7% beating, sliding from a local peak of $3.35. So yeah, there's definitely some damage to repair.
But here's the thing – sometimes the best opportunities come when everyone's feeling beaten down. The fake whale news might have been a dud, but the technical setup could be the real deal. Whether XRP can actually turn things around and push higher remains to be seen, but the signs are there for those who know how to read them.
Usman Salis
