The XRP price has been stuck at the $0.48 level, and the recent shift of nearly 64 million coins by whales has added to the market uncertainty.

Whales' Transactions Create Mixed Sentiments

The on-chain data reveals that two separate whale transactions have transferred 64.54 million XRP, causing mixed sentiments among investors. One whale accumulated 32.89 million XRP worth $15.75 million from Binance, while another offloaded 31.65 million XRP worth $15.14 million to Bitstamp. These transactions have created a mix of bullish and bearish sentiments, making it difficult to predict the future price trajectory of XRP.

XRP Price Movement

As of writing, XRP traded at $0.4814, down 1.28% in the past 24 hours. The token's 24-hour bottoms and tops are $0.4726 and $0.487, respectively, indicating a tight trading session. The weekly charts show that XRP's price has been consolidating below the $0.5 price level since June 8, with the trajectory finally waning to the $0.48 level yesterday. The token has shown signs of a pullback in the same time frame, dipping 8.52%. This has raised severe investor concerns about future movements.

RSI and Future Price Movement

The RSI dipped further, nearing 33, underscoring the downside pressure on the asset. However, this could also mean that XRP could reach an oversold territory to see a price upswing moving ahead.