3 facts about XRP hitting $90, SHIB being raided by Whale, and BTC staying above $1.46 billion!

Jakarta, Pintu News – The crypto market this week showed unusual dynamics with extreme price spikes on Ripple (XRP), massive accumulation of Shiba Inu (SHIB) tokens, and Bitcoin’s (BTC) stability above the crucial $87,600 level. Amidst this volatility, Nvidia’s performance report with a valuation of $4.41 trillion also served as a sign of the market’s growing risk appetite.

1. XRP Explodes to $90 on Kraken, Up 3,600%

Ripple (XRP) stole the show after its price abnormally spiked on the Kraken exchange to reach $90, well above the normal price of around $2.13 (Rp35,627). This increase of more than 3,600% is not thought to be the result of real market activity, but rather a technical glitch.

Prior to the spike, XRP had fallen dramatically to $0.00272, signaling a possible liquidity disruption or error in Kraken’s order matching system. A similar phenomenon had previously occurred on the Gemini exchange due to low market depth.

Meanwhile, the price of XRP on other major exchanges has remained stable at around $2, so the spike on Kraken is considered a price anomaly that does not reflect true market conditions.

Also Read: 4 Bitcoin Indicators that Triggered the Market Rally Reappear!

2. Whale Scraped 272 Billion SHIB from Coinbase

According to on-chain data from Arkham, a new crypto wallet withdrew 272,556,924,649 Shiba Inu tokens (SHIB) from Coinbase, worth approximately $2.38 million. The transaction was carried out in three stages over the past three weeks.

The wallet holds only SHIB and a small amount of BASED tokens, indicating a likely pre-planned accumulation strategy. Even so, the price of SHIB did not experience major fluctuations, remaining stable in its previous range.

Large moves by whales like this often don’t affect prices immediately, as the market needs time to absorb and respond to the full on-chain signal.

3. Bitcoin Remains Bullish Above $87,600

Bitcoin (BTC) is trading steady around $91,360 (roughly Rp1.52 billion), with the monthly Bollinger Bands midband sitting at $87,600 (Rp1.46 billion). Despite dropping about 27% from its peak of over $125,000 (Rp2.09 billion) in early October, BTC’s medium-term price structure remains in bullish mode.

As long as BTC’s monthly closing price is above the midband, market conditions are still considered healthy and do not indicate a significant trend reversal. With 11 days left in the month, the market’s attention is on whether this level can be sustained.

The current volatility reflects price shifts within a technical range rather than massive selling pressure, confirming that BTC’s dominance in the crypto market is still solid.

Market Dynamics and Key Indicators

The main focus of the market is currently split between Bitcoin’s stability above $87,600, the re-alignment of altcoin liquidity after price disruptions, and external influences such as Nvidia’s financial report which is seen as a benchmark of risk appetite in the global market.

These three elements – BTC as the main barometer, XRP’s technical anomaly, and SHIB accumulation by whales – will largely determine the market’s direction in the near future, especially towards the close of November.

Also Read: 5 Shocking Facts: This US Congressman Secretly Bought IDR 41 Billion in Bitcoin!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

What caused XRP’s price spike to $90?

The spike in the price of Ripple (XRP) on the Kraken exchange is thought to be the result of a technical glitch, not a real market transaction, as prices on other exchanges remained stable.

Who is withdrawing large amounts of SHIB from Coinbase?

A new wallet withdrew 272.5 billion SHIB worth €39.83 billion from Coinbase, likely as part of an accumulation strategy.

What is the current Bitcoin price and what are the important levels?

Bitcoin is currently hovering around $91,360 ($1.52 billion), with an important support level at $87,600 ($1.46 billion) according to the monthly Bollinger Bands.

What does Nvidia’s valuation mean for the crypto market?

With a valuation of $4.41 trillion, Nvidia’s performance reflects the risk sentiment in global markets, which also affects investors’ appetite for crypto assets.

What is the crypto market focusing on in the near future?

The market will monitor Bitcoin’s ability to stay above $87,600 and the movement of altcoins after price distortions, as well as the reaction to Nvidia’s financial report.

Reference:

• U.Today. Morning Crypto Report: XRP Briefly Hits Abnormal $90 on Kraken, Coinbase Whale Absorbs. Accessed on November 20, 2025