Large transfer of 55 million XRP: signs of active institutional involvement are evident. Can $1.90 become a rebound support?

【Crypto World】An interesting move has recently appeared on the chain—55 million XRP transferred out from BTC Markets, secured with multi-signature, with extremely low fees of only 0.000045 XRP. This method of operation is basically standard for institutional investors, reflecting that large funds are actively managing liquidity or asset custody.

From a technical perspective, whether XRP can hold the $1.90 level is crucial right now. Market analysts suggest that if the price can stabilize at this level, there is a chance to push towards $2.50. The current price is around $1.91, just one step away from that key support level. It seems that in the upcoming market, investors should focus on the performance within this price range.