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It's Big & Big #Whalestrap in $XRP Price Movement !!!

Whales Influence XRP Price Movement

One of the largest cryptocurrencies by global market value, XRP, has recently entered a downward trend, falling to a price level of $0.48 amid consolidation.

XRP’s price trajectory decreased further today, with XRP whales moving to sell approximately 64 million XRP in the last 24 hours.

What’s Happening with XRP?

Notably, on-chain statistics show that two separate whale transactions collectively facilitated the transfer of 64.54 million XRP.

While a famous whale continues to add assets, another renowned whale is offloading their holdings. According to data revealed by the blockchain data analysis platform Whale Alert, 32.89 million XRP worth $15.75 million were accumulated at Binance’s rarG6FaeYh address.

Conversely, the 5XgwHh4Rzn address transferred 31.65 million XRP worth $15.14 million to Bitstamp. One of these transactions is progressing as a bullish factor, while the other is developing in the opposite direction.

It is worth noting that the ..Rzn address is a well-known XRP whale that continuously transfers funds to the Bitstamp and Bitso exchanges.

Meanwhile, the rarG6… whale started accumulating XRP amid the cryptocurrency’s recent decline near the $0.5 price level.

These transactions have sparked mixed feelings among investors regarding XRP’s future price trajectory, creating a stark contrast.

Simultaneously, XRP has shown a turbulent price movement predominantly in the negative zone in recent days, reflecting the tumultuous price action emerging with these transactions.

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