XRP Hits 7-Week High at $2.39 as $477 Million Worth of XRP Gets Transferred From Ripple to an Unknown Wallet

• Ripple’s XRP hits 7-week high at $2.39, altseason arrival expectations grow.
• 2,742 whale wallets holding over 1 million XRP now control 47.32 billion coins.
• $477 million worth of XRP gets transferred from Ripple to an unknown wallet.

The crypto market and community rejoices over BTC hitting a new ATH at $112,000 on Binance. The pioneer cryptocurrency’s latest price surge has led to even greater bullish sentiments for altcoins prices to flourish soon. Ripple’s XRP hits 7-week high at $2.39 as 2,742 whale wallets holding over 1 million XRP tokens now control 47.32 billion coins, near an all-time high.

XRP Hits 7-Week High at $2.39

The price of BTC just set a new ATH price of $112,000 on Binance, leading to almost $200 million in BTC shorts being liquidated. As BTC shows greater signs for a majestic pump to greater ATH between $114,000 and $140,000 in the coming days ahead, analysts are noticing that ETH prices are also showing positively bullish signs of a major pump as well. Since BTC’s new ATH, the price of ETH has steadily reclaimed the $2,700 price mark. 

As ETH price continues to pump, analysts draw attention back to the long-awaited arrival of the ongoing bull cycle’s altseason peak phase. One analyst says that the altcoins rally is loading, by stating that the crypto total market cap excluding the top 10 is showing signs of a potential breakout, meaning that low-cap and mid-cap assets may pump in prices before more legacy tokens might. 

Meanwhile, another analyst states that based on the total market cap including BTC and altcoin has always experienced an ultimate pump for after the completion of an inverse head and shoulders pattern. As we can see from the post above, the analyst confirms that a huge bullish wave is just on the horizon, a pump that could print life changing gains for many, and this could be the peak of the altseason phase .

$477 Million Worth of XRP Transferred From Ripple 

Meanwhile, several promising altcoins, including legacy altcoins like Ripple’s XRP have also been showing promising strength and signs for a bullish upturn following BTC and ETH and their bullish indicators. As the post above confirms, Ripple’s XRP hits a 7-week high at $2.39 as 2,742 whale wallets holding over 1 million XRP now control 47.32 billion coins, near an all-time high.

Around the same time, the post above depicts that 200,000,000 XRP worth $477,000,000 was transferred from Ripple to an unknown wallet. These moves altogether have ignited highly bullish expectations for all altcoin prices to pump over the coming weeks and months ahead. Ripple’s XRP is one of the most bullish altcoins expected to make serious gains during the altseason peak phase.