Ripple Breaking News: XRP price is crashing down since crypto whales caught dumping $46,701,127 worth of XRP tokens
XRP price news report:In the severe winter of encryption and Ripple litigation, XRP has slowly lost its trend. However, the latest dolphin information shows that dolphins are ready for tumbling down. Whale Alert reported that many detailed addresses were transferred to Bitso, Bitstamp and other encryption trading centers to 68 million XRP tokens (about 27 million US dollars in use).
XRP price decline: owning or selling signal?
According to the data provided by WhaleAlert, cryptowhales have moved more than 370 million XRP tokens in the past 24 hours, meaning more than 147 million dollars. The larger transaction recorded by the tracker is to transfer 252 million XRP (US $101 million) to an unknown wallet.
At the time of writing, XRP's trading price was US $0.4023. XRP price has dropped by about 5% in the past 7 days. In addition, the 24-hour trading volume fell by more than 2% to US $1.07 billion.
The struggle is not over yet
On the daily curve, the currency continues to struggle desperately to raise the pressure level of US $0.40, which may be worrying, and if the resolution is further blocked, crypto investors may choose to sell. Who will remember Ripple's victory there?
Will Ripo come back?
Cryptocurrency investors are anxiously waiting for the court to make a simple decision in this long-running lawsuit. But before the court made a decision, there was nothing to wait for. The price of XRP has become numb, and we are anxious to wait for Ripple to complete the lawsuit with SEC. On the other hand, many investors are in a dilemma, and advocates are likely to be impatient soon.
As the saying goes, "Patience is bitter, and its fruit is good", but sometimes this is not the case. Because the future development of XRP seems vague, the result of delay may be lost.