Ripple whales have recently moved over 100 million XRP to exchanges as supply increases. The analyst PlanB has forecasted a bullish prediction for Bitcoin. He stated that Bitcoin would not fall below $35,000 while a new altcoin would lead the market rally.
Ripple XRP has entered the news after massive whale transactions caught the attention of the crypto community. According to the report, two massive transactions occurred on November 28. The first transaction that attracted market enthusiasts involved 80 million XRP sent to an undisclosed wallet.
The second transaction then sent 26.70 million XRP to the Bitstamp exchange. These transfers of tokens to exchanges point to a possible rise in the available supply. This has consequently decreased demand and impacted Ripple’s price.
The price of Ripple has been fluctuating between $0.582076 and $0.634147, as per CoinMarketCap. In the meantime, analysts’ predictions for the price of ripple cryptocurrency indicate that it will rise 32.36% to $0.801142 in the upcoming weeks.
The creator of the Stock-2-Flow (S2F) model, PlanB, has recently made a Bitcoin (BTC) price prediction. In a post shared on X, PlanB emphasized that Bitcoin price is unlikely to drop below the $35,000 mark again.
He supported his argument with a chart that showed that Bitcoin’s value has grown with its hashrate. His study indicated that the flagship cryptocurrency won’t drop below the $35,000 support level. The expert is well-known for her Bitcoin forecasts.
PlanB recently forecasted that in the near future, Bitcoin will price between $65,000 and $524,000. The price of the Bitcoin cryptocurrency has been trapped between $35,965.36 and $38,189.66 for the past week, according to data from CoinMarketCap.
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