$XRP has dropped 0.2% over the past 24 hours, falling to $0.5895 as the crypto market has seen little volatility today.
The altcoin is still up a modest 1% on the week and 9.5% on the two weeks, with these percentage gains coming amid increased transfers of XRP to exchanges.
According to data from CryptoQuant, traders have transferred 43 million XRP to Binance over the past few weeks, worth around $23.4 million.
This suggests that whales are still more inclined to sell XRP than buy it at this point, meaning we may have to see a few more drops before the cryptocurrency sees a sustained recovery.
