The crypto market is currently suffering a correction following the strong rally from the past week. Most digital assets are trading in the red, and the losses are more or less significant.
For instance, at the moment of writing this article, XRP is trading in the red, and the crypto is priced above $0.22.
It’s been just revealed that somebody transferred 45 million XRP from Bithumb crypto exchange with an unregistered owner.
Accumulating XRP?
Some individuals in the crypto community say that there’s definitely someone who is accumulating XRP.
Here’s the tweet:
🚨 45,000,000 #XRP (10,737,513 USD) transferred from #Bithumb to unknown wallet
— Whale Alert (@whale_alert) January 22, 2020
Among all kinds of haters comments, there were also Twitter users who said that the move is definitely a smart one: “Well they most likely did research. Things are looking very good for XRP. Noticed the increase of ODL liquidity?”
The truth is that ODL is gaining massive recognition and enjoys boosted adoption these days.
UToday reported that only in January 188 million XRP was moved from the crypto exchange Bithumb.
XRP price is expected to hit $0.30 soon
UToday writes that after the XRP price surged from under $0.20 to $0.24 recently (but is trading above $0.22 at press-time), the community looks encouraged and seems to be expecting a higher price surge of XRP this year.
The online publication writes that “The first target which some Twitter users expect the coin to regain is the psychological level of $0.30.”
Despite the massive volatility that we’ve been seeing in the crypto market, the optimistic predictions regarding the prices for the digital assets keep flowing.
More than this, the XRP community believes that the US regulators could finally approve XRP soon.
Ripple has been working hard to promote its products and to boost the XRP ecosystem.
Not too long ago, we reported that Ripple’s strategy for XRP involves mainly international focus.
The company also unveiled new insight into the main use case for the digital asset XRP.
