Recently, over 100 million XRP tokens, valued at approximately $52.9 million, were transferred between two unknown wallets within 24 hours. This significant movement, flagged by the crypto tracking service Whale Alert, has sparked speculation in the crypto community. The transfer is likely a strategic maneuver by a whale (a large holder of XRP), but there are no clear signs it was a sell-off, as the tokens were not moved to an exchange. Large transfers like this can impact market sentiment, leading to increased volatility or concerns among XRP holders.
Currently, XRP is facing pressure in a broader market downturn, with its price hovering around $0.53 after recent dips. The token has struggled, seeing a 9.71% drop in value over the past month, exacerbated by overall negative market conditions.
