Summary
- Woominkyu, a contributor at CryptoQuant, reported that Ripple whales are expected to realize profits.
- He stated that the trading volume of Ripple whales has significantly increased near the simple moving average of the last 7 days.
- Ripple is reported to be trading at $3.3395, up 6.22%.
Woominkyu, a contributor at CryptoQuant, analyzed on the 20th (local time) via X (formerly Twitter) that "Ripple whales are expected to realize profits." He explained, "The trading volume of Ripple whales has significantly increased near the simple moving average (SMA) of the last 7 days," and "historically, a surge in activities such as whale deposits to exchanges is interpreted as a signal for profit-taking." Meanwhile, Ripple is trading at $3.3395, up 6.22% from the previous day, based on the Binance Tether (USDT) market as of 00:14 on the 21st.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
