Crypto whales are sending XRP and Stellar in massive quantities, inundating whale watchers in the space.

All of the XRP on the move is coming from the crypto exchange Bittrex and ending up on the South Korean cryptocurrency exchange Upbit. So far, 507 million XRP worth $159 million has been transferred.

Meanwhile, a huge amount of Stellar (XLM) is also on the move. A total of 22 separate transactions, each consisting of 10 million XLM, have been sent from Bittrex to an unknown wallet. Each transaction is worth about $867,000.

In total, 727 million XRP and XLM has moved in just the last few hours alone.

As for the crypto market, prices are mixed at time of publishing, with Bitcoin down 0.32% at $3.839.

Source: Coin360

Technical analysts are bullish on Bitcoin in the short term, but less hopeful for Ethereum and XRP.

Bitcoin BTC

  • FXStreet – BTC/USD supported for a big $4000 retest
  • Live Bitcoin News – BTC at potentially significant turning point
  • CoinDesk  – Short-term outlook remains bullish, with BTC holding above $3,714

Ethereum ETH

  • Blockonomi – ETH setting up for a break soon
  • FXStreet – ETH/USD vulnerabilities for price ahead of hard fork
  • NewsBTC – ETH targets fresh weekly lows below $130

Ripple XRP

  • NewsBTC – XRP turned bearish again, could retest $0.3000
  • FXStreet – Tug of war continues following the rejection at $0.35
  • Coinnounce – XRP unable to maintain momentum from Coinbase Pro listing

The views and opinions expressed in the article Crypto Whales Fire Off 727 Million XRP and Stellar As Bitcoin Outlook Turns Bullish: Bitcoin, Ethereum, XRP Price Analysis do not reflect that of 48coins.com nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.

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