XRP Price Suddenly Drops by 5% as Ripple Whales Offload Tokens

XRP Price Suddenly Drops by 5% as Ripple Whales Offload Tokens

Table of Contents

TL; Dr

  • Ripple whales reflected its investment strategy by unloading more than 60 million icons in just three days.
  • The XRP price continued the attack earlier today, but it was stopped at more than $ 2.4 and paid south by about 5 %.

60 million symbols were emptied by the large Ripple investors of approximately $ 140 million, according to the current prices. Although this does not seem to be a large number when we are talking about an encrypted currency with the maximum market of about $ 140 billion, the relatively small timetable of 72 hours is the most anxiety.

In addition, it offers a very different investment strategy for the whale. I remember that these market participants, who have the ability to influence market prices with large sales or purchases, went to an enormous accumulation in April, Adding More than 900 million icons.

Revelation coincided today with an interesting price move by XRP. The fourth largest encrypted currency began to gain traction alongside the gathering in the rest of the market, where BTC Raised To the highest new level ever, it rose from $ 2.34 to multiple peaks of approximately $ 2.44.

However, she faced immediate and meaningful rejection at that point and was pushed south to the start level within hours. As of now, XRP has returned to about $ 2.35, which is just higher than the decisive support line ($ 2.3) Believe It can be made or broken, short -to -origin price movements.

XRPUSD. Source: TradingView
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