Verge

Coin

<ul class="news-points"> 
 <li><strong>A total of 50.7 million XRPs was transferred into Bitstamp between November 23 and 26.</strong></li> 
 <li><strong>Bulls were unable to defend the $0.62 support as XRP faced increasing downward pressure.</strong></li> 
 <li><strong>The bearish bias, shown by the Aroon indicator, could push XRP below $0.60.</strong></li> 
</ul> 
<p>According to Whale Alert, a whale has transferred 25.5 million <a href="https://coinedition.com/ripple-xrp-whales-are-at-it-again-time-for-a-yearly-high/">Ripple (XRP)</a> tokens worth $15.72 million to the Bitstamp exchange. This transfer, which happened in the late hours of November 26, is just one out of the series of XRP transactions involving whales in recent times.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 25,500,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRP</a> (15,722,848 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitstamp?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitstamp</a><a href="https://t.co/Vs53cVL2JA" target="_blank" rel="nofollow">https://t.co/Vs53cVL2JA</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1728868639208616307?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 26, 2023</a>
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<p>A few days ago, Whale Alert <a href="https://twitter.com/whale_alert/status/1727780837813317681" target="_blank" rel="nofollow">reported</a> a transaction on November 23 that resembled the most recent one. At that time, 25.2 million XRPs also went into the Bitstamp exchange. Typically, when a whale moves a large amount of crypto into an exchange, it usually means the whale is looking to sell.</p> 
<p>Should the sell orders continue, then the cryptocurrency price could be forced to drop. For XRP, it seemed that the effect of the whale transactions had been reflected in the price action.</p> 
<p>Twenty…</p>
<p>The post <a href="https://coinedition.com/why-ripple-xrp-may-be-on-the-verge-of-falling-below-0-60/">Why (Ripple) XRP May Be on the Verge of Falling Below $0.60</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Why (Ripple) XRP May Be on the Verge of Falling Below $0.60

Coin Edition

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