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 <h2 id="another-whale-dumps-xrp-holdings">Another Whale Dumps XRP Holdings</h2> 
 <p>Whale Alert in a post on April 25 reported that a whale moved 29,300,000 <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> valued at $15.13 to crypto exchange Bitstamp. Further data also revealed that the whale is potentially dumping its <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> holdings it transferred 14 million <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> to Bitso a few hours earlier.</p>  
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 <p>Judge Torres allowing the U.S. Securities and Exchange Commission to file an interlocutory appeal in response to XRP token sales caused a major selloff. XRP price plunged below two critical support levels of $0.6 and $0.5.</p> 
 <p><a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price currently rebounding from the $0.5 support level and risks a massive fall if traders and whales decide to sell their holdings.</p> 
 <p>Meanwhile, Ripple vs SEC trial is likely to happen in April-end or mid-May as the plaintiff SEC and defendants Ripple Labs, CEO Brad Garlinghouse, and executive chairman Chris Larsen have informed the court about their unavailability in the second quarter of 2024. XRP price rebounded in response, but bulls failed to hold the upside momentum.</p>  
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 <p><strong>Read More: US SEC Attorneys Richard Best And Robert Moye Withdraw From <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> Lawsuit</strong></p> 
 <h2 id="xrp-price-risks-nosedive-to-0-42">XRP Price Risks Nosedive to $0.42</h2>  
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 <p>According to an <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by CoinGape Markets, a bearish candle wick stretched to $0.42 last week. It is too early to tell if the fifth-largest crypto will rebound from the ascending trendline toward the coveted $1, or extend the declines to $0.42 or worse $0.3.</p> 
 <p><img decoding="async" class="aligncenter" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20751%20347'%3E%3C/svg%3E" alt="xrp price at $0.515" width="751" height="347" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/25/fd151d6a0b3f8024e3c4b7ae80e9cd99.webp"> 
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 <p>XRP is trading below all the major moving averages, including the 50-day Exponential Moving Average (EMA) (red), the 100-day EMA (blue), and most importantly the 200-day EMA (purple) at $0.5253.</p> 
 <p><a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price fell more than 3% in the last 24 hours, with the price currently trading at $0.51. The 24-hour low and high are $0.510 and $0.528. Furthermore, the trading volume has decreased in the past 24 hours.</p> 
 <p><strong>Also Read: FTX Claims Agent Kroll’s Cybersecurity Breach Compromised Claimants Data</strong></p> 
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Whale Moves $15 Mln XRP To Exchange, Nosedive To $0.42?

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TheBitTimes

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