Is Elon Musk selling #bitcoin ? Tesla transfers all $760 million of its $BTC to unknown wallets.

How this dump will impact market for #crypto and $XRP ?

XRP price has been caught in a tight trading range over the past two weeks, fluctuating between $0.55 and $0.52. The price has been largely influenced by ongoing developments in the SEC v. Ripple lawsuit, keeping investors on edge. However, a new wave of market uncertainty has emerged as Tesla reportedly transferred 11,500 BTC to unknown wallets. 

This move has sparked speculation about a potential sell-off, which could create ripple effects across the crypto market, impacting not just Bitcoin but also altcoins like XRP. The price of Ripple has dropped by 0.7% in the last 24 hours and is trading at $0.54. With volatility on the horizon, the question remains: can XRP withstand the pressure if Tesla decides to liquidate its BTC holdings?