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As expected, Ripple and their digital asset, XRP kick off the new year in style.
They have moved huge amounts of XRP, and the best thing is that the transactions flaunt very low taxes.
Whale watchers have followed a series of large transactions with very low rates.
The transactions were completed in 4 seconds with little expense
We refer to approximately 2,133,569,088 XRP for a value of approximately $ 755,702,929 transferred.
Each of these transactions took four seconds to complete, and the combined commissions were less than one cent, which is quite surprising.
Twitter Whale Alert reported that most of XRP seems to be the same Ripple that displaces funds as collateral.
As you know, the company behind the digital asset owns about 60% of the total XRP supply and most of it is blocked under warranty.
Other transactions seemed like Ripple moving XRP on its OTC distribution portfolios.
It is also important to remember that Ripple usually marks XRP to institutions through OTC agreements.
These transactions arrive immediately after an intense December in which XRP has been quoted in more exchanges.
🚨 🚨 🚨 107,866,784 #XRP (38,219,751 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet
— Whale Alert (@whale_alert) January 1, 2019
December was also a very busy month for Coinbase cryptography exchange. Before the end of 2018, Coinbase transferred 5% of all BTCs, 8% of all ETHs and 25% of all existing LTCs to reorganize their businesses and ensure that people's funds are as safe as possible.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,108,302,304 #XRP (392,781,994 USD) transferred from Unknown wallet to Ripple OTC Distribution wallet
— Whale Alert (@whale_alert) January 1, 2019
🚨 🚨 🚨 🚨 🚨 🚨 🚨 200,000,000 #XRP (70,942,212 USD) transferred from Ripple Escrow wallet to Ripple OTC Distribution wallet
— Whale Alert (@whale_alert) January 1, 2019
XRP price forecasts for 2019
After examining all the results that Ripple and XRP were able to achieve during 2018, a difficult year for the crypto community and the market was flooded by a bearish trend, cryptographers expect a price increase for XRP.
Smartereum brings up sources like fxstreet, express.co.uk, investingpr.
Sources say that Ripple continuously adds new customers and many financial institutions are using its protocol to transfer money from one part of the world to another.
Experts say that XRP is now undervalued and the common prediction is that XRP will certainly be able to increase its market capitalization and appreciate this year.
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