XRP Price Gains 8%, is 100x Possible as Ripple Chairman moves XRP? JetBolt attracts Ripple Whales as Presale Surges

XRP Selloff or regular transfer？ Ripple (XRP) Chairman Larsen moves 50 million XRP

Ripple (XRP) selloff fears and speculation were rife following Ripple Chairman Chris Larsen‘s transfer of 50 million XRP tokens to a new wallet address. Some crypto commentators also fear the possibility of a hack, given that another one of Larsen’s wallets was previously compromised earlier this year, leading to the over 200 million XRP tokens being stolen. In that prior instance, Binances Richard Teng announced that the exchange managed to recover some of the past stolen funds.

XRP Chairman‘s recent transfer activity did not result in further XRP selloff, and XRP’s price even underwent a small 1% pump in the last 24 hours. Blockchain reporters attribute this Ripple XRP price increase to growing bullish macro crypto market sentiment. As investor and crypto whale activity increases on the back of the US Federal reserve rate cuts, buyers are seeking out new coins like JetBolt (JBOLT), Toncoin (TON), and Kaspa (KAS) amongst others.

XPR Price Movements – Why is Ripple XRP trading sideways？

According to XRP price technical analysis from MCO Global, XRP might experience a weak “B Wave” and could have a price breakout should XRP price surpass the $0.6 level. MCO Global analysts caution that despite the presence of a possible XRP Elliott Wave Triangle and the possibility for XPR price to move up more directly, current XRP price volatility warrants further observation of Ripples XRP price in the days to come. As Ripple (XPR) continues to trade sideways with a slight progression, XRP holders are turning to next generation coins like JetBolt (JBOLT).

Conclusion – XRP price gains amidst selloff fears and crypto market boost

As a wave of optimism returns to the crypto market, Ripple (XRP) investors are enjoying XRP‘s price increase this week. The recent XRP transfer by Ripple Chairman sparked debate within the Ripple community online, with some even speculating that the funds may be used to support presidential candidate Harris by way of a campaign donation. While the nature of Larsen’s XRP transfer remains unclear, one thing is certain, Ripple (XRP) whales and holders are moving to acquire new altcoin JetBolt (JBOLT) as the crypto market warms up again.