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Incoming XRP price crash alert

Summary ⚈ A large XRP transfer to Coinbase by an unidentified whale suggests a potential sell-off, raising concerns about downward price pressure. ⚈ XRP’s price has risen amid anticipation of ProShares launching three XRP futures ETFs on April 30, following SEC approval. ⚈ XRP is trading at $2.30, with key support at $2.20 and resistance at $2.50, indicating potential for significant price movement in either direction. XRP’s recent short-term gains may be short-lived, as on-chain data suggests whale activity could signal an impending sell-off. Specifically, on April 28, a massive transfer of 29,532,534 XRP, worth approximately $68.7 million, was moved from an unknown wallet to crypto exchange Coinbase , according to Whale Alert data . XRP whale transaction. Source: Whale Alert Large transfers of XRP to exchanges are often considered precursors to sell-offs, which can exert downward pressure on prices. Typically, such movements indicate that the holder may be preparing to sell. The mechanics are simple: If the XRP is sold on Coinbase, the sudden increase in supply could depress prices, especially in a thin market with limited buying interest. This could trigger a cascading effect, where stop-loss orders are activated, and panic selling accelerates the decline. Additionally, such moves often spark fear and uncertainty among retail investors. Mixed sentiment around XRP whale transaction Regarding this particular transfer, crypto insights platform Alva noted that it could precede a “quick dump,” potentially triggering a sharp price drop. However, in an X post on April 28, Alva also pointed out that sentiment among traders remains mixed. While some fear a sell-off, others are optimistic about the broader market backdrop, including growing speculation around a potential XRP ETF. Big size to Coinbase always gets traders talking—right now, the transfer has the community split. Some see a setup for a quick dump as XRP whales move to exchanges, while others are betting ETF hype and legal wins will keep the bid strong. Watch for volatility and fast reactions… — Alva (@AlvaApp) April 28, 2025 In this context, XRP is witnessing increased interest ahead of the ProShares launch of three XRP futures ETFs on April 30. One product seeks to profit from price declines, another aims to target 2x daily gains, and a third aims to achieve 2x inverse daily performance. At the same time, there is growing hype around the possible approval of a spot ETF by the Securities and Exchange Commission (SEC) in the United States, especially as other regions, such as Brazil, have unveiled the world’s first similar product. XRP price analysis By press time, XRP was trading at $2.32, rising over 6% for the day. Similar gains are also visible on the weekly chart, where the token is up almost 10% amid sustained capital inflows. XRP seven-day price chart. Source: Finbold Following the large whale transaction, XRP remains vulnerable. Immediate support lies at $2.20, and a breakdown below this level could accelerate losses toward the key psychological barrier of $2. Conversely, a decisive move above $2.50 suggests bullish sentiment overpowering selling pressure. Featured image from Shutterstock The post Incoming XRP price crash alert appeared first on Finbold . CoinOtag

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Monero Price Jumps Double Digits Due To Massive $330 Million Bitcoin Theft

Privacy-centric coin Monero (XMR) soared as much as 50% on Monday, and on-chain investigators have pointed to a theft event as the likely culprit. Early on Monday, on-chain sleuth ZachXBT flagged a “suspicious transfer” of 3,520 BTC (worth approximately $330.7 million) made from a potential victim’s wallet. Soon after, the loot was laundered through over six exchanges and converted to Monero to obscure the activity. ZachXBT believes this was theft due to the high fees paid and the suspicious activity after the funds had been moved. The transfer sparked an immediate 50% surge in XMR’s price due to the large-scale conversion and the platform’s limited liquidity. Nine hours ago a suspicious transfer was made from a potential victim for 3520 BTC ($330.7M) Theft address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike… — ZachXBT (@zachxbt) April 28, 2025 The on-chain sleuth later noted in follow-up posts that it is “highly probable” the theft was not orchestrated by the infamous North Korean hackers, and that the victim was a longtime Bitcoin holder . While ordinary blockchains such as Bitcoin and Ethereum allow users to track all transactions on the network, Monero’s privacy-preserving nature hides wallet addresses and transactions, making it harder for law enforcement to trace and recover illicit funds. As such, it remains attractive to nefarious actors who want unlinkable and untraceable transactions. According to data from CoinGecko , XMR vaulted 50% higher in response to hit an intraday high of $347.72 — a level not seen since May 2021. At the time of publication, Monero is priced at $276.22, still up 22% over the last 24 hours. The Monero community recently celebrated the coin’s 11th anniversary. Notably, XMR has lost a lot of ground in recent years due to the increasing marginalization of privacy coins. Due to intensifying regulatory pressure, leading crypto exchanges, including Binance, Coinbase, and Kraken, have been forced to delist Monero in various jurisdictions in an effort to fight dark net markets. CoinOtag