{"id":19215,"date":"2024-04-30T11:30:47","date_gmt":"2024-04-30T11:30:47","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=19215"},"modified":"2024-04-30T09:49:00","modified_gmt":"2024-04-30T09:49:00","slug":"whale-activity-spurs-xrp-transfers-amid-shiba-inu-dip","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/whale-activity-spurs-xrp-transfers-amid-shiba-inu-dip\/","title":{"rendered":"Whale Activity Spurs XRP Transfers Amid Shiba Inu Dip"},"content":{"rendered":"<p>Josh Olszewicz, a well-known crypto-trader and analyst, mentioned the daily Tenkan\/Kijun crossing of Bitcoin in a recent X post. The Tenkan Sen line is short-term support in an uptrend and resistance in a downtrend. The Kijun Sen line is a source of medium-term support. These lines being associated may provide traders with significant market tips. When Tenkan Sen moves below Kijun Sen, the market sentiment is bearish. Since the crossover happened under the Ichimoku cloud, this signal might not end the bull trend. On the other hand, Bitcoin is being traded at $61,891 against the dollar, and in 24 hours it has gone down to 2.87% losses, as per <a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\">CoinMarketCap<\/a>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/whale-activity-spurs-xrp-transfers-amid-shiba-inu-dip\/#Shiba_Inu_Price_Drop_Threatens_Bullish_Momentum\" title=\"Shiba Inu Price Drop Threatens Bullish Momentum\">Shiba Inu Price Drop Threatens Bullish Momentum<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/whale-activity-spurs-xrp-transfers-amid-shiba-inu-dip\/#74_Million_XRP_Was_Impatiently_Transferred_to_Wallets_by_Whales\" title=\"74 Million XRP Was Impatiently Transferred to Wallets by Whales\">74 Million XRP Was Impatiently Transferred to Wallets by Whales<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Shiba_Inu_Price_Drop_Threatens_Bullish_Momentum\"><\/span>Shiba Inu Price Drop Threatens Bullish Momentum<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Shiba<\/strong> Inu price drop is a threat to its bullish momentum. Last week, the <strong>Shiba<\/strong> price hit $0.000028 before a correction. <strong>Shiba<\/strong> Inu price decline correlates with Bitcoin\u2019s week low. The recent price action hinges on the bulls defending the 69 trillion <strong>Shiba\u00a0<\/strong> range despite the bearish pressure. Should <strong>Shiba<\/strong> bulls manage to sustain this important level, it could indicate strength and result in a bounce or rally. Nevertheless, bearish traders may argue that the current price level is not viable if the market fails to gain momentum. A lingering fall can cause panic and thus reduce the price of <strong>Shiba<\/strong>. Shiba has slid by 5.64% in the last 24 hours to $0.0000233.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"74_Million_XRP_Was_Impatiently_Transferred_to_Wallets_by_Whales\"><\/span>74 Million XRP Was Impatiently Transferred to Wallets by Whales<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/yens-decline-sparks-calls-for-xrp-adoption-in-japan\/\">XRP<\/a> has witnessed a boost in the transactions of millions of tokens that are transferred to various wallets. In the last 24 hours, XRP has dropped by 1.25% to $0.5123, as have many other Cypto assets.\u00a0Therefore, large XRP transfers signify whales buying the dip to profit from the market.\u00a0Binance and Bitvavo shifted millions of XRP tokens to unknown wallets, which might be related to this strategic move.\u00a0Whale Alert data tracker reported three huge trades of 74 million XRP: And 24,059,884 for the amount of $12,390,804; 26,336,059 for $13,563,030; and 24,118,600 at the cost of $12,461,230. Investors may be purchasing XRP coins at a low price due to the hike in whale activity.<\/p>\n<p>&nbsp;<\/p>\n<p>P.S This is not an investment advice<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Josh Olszewicz, a well-known crypto-trader and analyst, mentioned the daily Tenkan\/Kijun crossing of Bitcoin in a recent X post. The Tenkan Sen line is short-term support in an uptrend and resistance in a downtrend. The Kijun Sen line is a source of medium-term support. These lines being associated may provide traders with significant market tips.<\/p>\n","protected":false},"author":6,"featured_media":19216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4696,5177],"class_list":["post-19215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-shiba-inu-shib","tag-xrp-ripple"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Whale Activity Spurs XRP Transfers Amid Shiba Inu Dip - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Explore the potential market tips provided by the Tenkan\/Kijun crossing in Bitcoin trading and the impact on the Shiba Inu price.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/whale-activity-spurs-xrp-transfers-amid-shiba-inu-dip\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whale Activity Spurs XRP Transfers Amid Shiba Inu Dip - 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