Larsen XRP Transfer Dem Go Colebase Push Price Reach New High
Ripple co-founder Chris Larsen carry move about 5.5 million XRP (≈$7.7 million) go Coinbase for April 26. Dis na happen as more than 106 million XRP don transfer go exchanges since early 2024 for liquidity management. Those transfer don help XRP climb first to highest point wey e reach inside seven months, then e jump pass 8% go the intraday record of $3.89, and e market cap climb pass $180 billion. On-chain volume jump 35%, and Coinbase order books show strong buy support between $3.50 and $3.80. Analysts talk say the rally na because institutional interest dey grow, new listings fit come, and Ripple legal matter clear. E get chance say big sell-offs fit make small wahala for short-term market, but long-term prospects still remain positive, supported by cross-border payment use and market demand wey dey increase.
Bullish
Chris Larsen transfer over 5.5 million XRP wen happen same time as big price rise dem, on-chain volume spike dem, an record-breaking high dem indicate say strong bullish momentum dey. Big whale move dem dey usually before price swing dem, but the increase for buy support for Coinbase an the growing institutional interest dey show say demand fit absorb any possible sell-off. Legal clarity from Ripple SEC case and the growing cross-border payment use cases dey also boost long-term confidence for XRP. Traders suppose dey watch liquidity shifts and manage their risk well, but current indicators dey point to more upside instead of downturn.