The price of Ripple XRP plummeted below the $0.46 level for the second time in the past three weeks as XRP records increased transactions amid the prevailing bearish trend on the entire crypto market.<\/p>\n
The firm behind the XRP coin has moved millions of tokens within the past few days. XRP whales are also following the trend, moving millions of tokens as well.<\/p>\n
The blockchain company behind the development of XRP, Ripple Labs, has recently moved 120 million XRP tokens. According to data from a blockchain whale tracker, Whale Alert, Ripple completed its first transaction by transferring 50 million XRP tokens<\/a> worth $22.8 million. The firm moved the coins to another wallet address suspected to belong to it on April 24.\u00a0<\/p>\n Later, the recipient\u2019s wallet transferred some funds, which included its previous balance. It moved 70 million XRP<\/a> worth $32 million to an affiliate wallet of Ripple through multiple transactions. It then sent the funds to Independent Reserve, Bitso, and Bitstamp crypto exchanges.<\/p>\n Related Reading: Floki Inu Joins Binance.US And Surges By 50% As Investors Pile In<\/a><\/p>\n Besides Ripple\u2019s huge transfers, some XRP whales have also moved their coins. The whales have transferred 230 million XRP through five transactions within two days.<\/p>\n According to Whale Alert data, the biggest whale transaction occurred on April 23. It involved\u00a0108.9 million XRP<\/a> moved between two anonymous wallets. The coins were worth $49.9 million at market prices.<\/p>\n Whale Alert noted another transfer of 28 million XRP tokens<\/a> worth $12.9 million from an unknown wallet to an address on the Bitstamp exchange. After a few minutes later, there was another transfer of 42 million XRP<\/a> worth $19.3 million between two Bitso addresses.<\/p>\n The last two large transactions of XRP followed Ripple\u2019s transfers on April 24. One was a movement of 26 million XRP<\/a> worth over $11.9 million from an anonymous wallet to the Bitstamp exchange. Another transaction was a transfer of 25.6 million XRP<\/a> coins between two addresses on the Bitso exchange.<\/p>\n At the time of writing, XRP is trading at $0.4562, indicating a drop of 1.06% over the past 24 hours. The price of XRP has been dropping drastically following the turbulence in the crypto market. The token\u2019s 7-day and 30-day price action shows a dip of 11.63% and 1.48%, respectively.\u00a0<\/p>\n XRP lost its hold on the $0.5 price<\/a> level on April 19 as the bearish pressure intensified. The token hit a new 4-week low on April 21 as the price of XRP plummeted to $0.4427.<\/p>\n Related Reading: Shiba Inu Might Surge By 300% If It Maintains This Support Level<\/a><\/p>\n XRP trades above its 200-day SMA and 50-day SMA. Based on technical indicators, the 50-day SMA could surge to $0.49 in the next 4 weeks. The price of XRP is expected to rise in the future.<\/p>\n The XRP\u2019s Relative Strength Index (RSI) is currently at 43.53. This shows that the XRP market is neutral, with no strong buying or selling sentiment.<\/p>\n Featured image from Pixabay and chart from Tradingview<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n The price of Ripple XRP plummeted below the $0.46 level for the second time in the past three weeks as XRP records increased transactions amid the prevailing bearish trend on the entire crypto market.<\/p>\n The firm behind the XRP coin has moved millions of tokens within the past few days. XRP whales are also following the trend, moving millions of tokens as well.<\/p>\n The blockchain company behind the development of XRP, Ripple Labs, has recently moved 120 million XRP tokens. According to data from a blockchain whale tracker, Whale Alert, Ripple completed its first transaction by transferring 50 million XRP tokens<\/a> worth $22.8 million. The firm moved the coins to another wallet address suspected to belong to it on April 24.\u00a0<\/p>\n Later, the recipient\u2019s wallet transferred some funds, which included its previous balance. It moved 70 million XRP<\/a> worth $32 million to an affiliate wallet of Ripple through multiple transactions. It then sent the funds to Independent Reserve, Bitso, and Bitstamp crypto exchanges.<\/p>\n Related Reading: Floki Inu Joins Binance.US And Surges By 50% As Investors Pile In<\/a><\/p>\n Besides Ripple\u2019s huge transfers, some XRP whales have also moved their coins. The whales have transferred 230 million XRP through five transactions within two days.<\/p>\n According to Whale Alert data, the biggest whale transaction occurred on April 23. It involved\u00a0108.9 million XRP<\/a> moved between two anonymous wallets. The coins were worth $49.9 million at market prices.<\/p>\n Whale Alert noted another transfer of 28 million XRP tokens<\/a> worth $12.9 million from an unknown wallet to an address on the Bitstamp exchange. After a few minutes later, there was another transfer of 42 million XRP<\/a> worth $19.3 million between two Bitso addresses.<\/p>\n The last two large transactions of XRP followed Ripple\u2019s transfers on April 24. One was a movement of 26 million XRP<\/a> worth over $11.9 million from an anonymous wallet to the Bitstamp exchange. Another transaction was a transfer of 25.6 million XRP<\/a> coins between two addresses on the Bitso exchange.<\/p>\n At the time of writing, XRP is trading at $0.4562, indicating a drop of 1.06% over the past 24 hours. The price of XRP has been dropping drastically following the turbulence in the crypto market. The token\u2019s 7-day and 30-day price action shows a dip of 11.63% and 1.48%, respectively.\u00a0<\/p>\n XRP lost its hold on the $0.5 price<\/a> level on April 19 as the bearish pressure intensified. The token hit a new 4-week low on April 21 as the price of XRP plummeted to $0.4427.<\/p>\nXRP Price Action<\/h2>\n
Ripple And Whales Moves Over 350 Million XRP<\/h2>\n
XRP Price Action<\/h2>\n