<ul>
 <li><strong>At the time of writing, XRP is trading at $0.6218, down 3.85% in the last 24 hours.</strong></li>
 <li><strong>If price manages to go below $0.61 then it will likely fall further to test $0.60 support level.</strong></li>
</ul>
<p><a href="https://thenewscrypto.com/can-solana-flip-eth-after-surpassing-xrp-and-bnb/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> is now witnessing a surge in market activity due to large-scale whale transactions. 20 million XRP tokens, worth $12.6 million, were sent to Bybit by an unidentified sender.</p>
<p>But that wasn’t the end of this whale’s play. Two further substantial transactions took place within a 12-hour timeframe.&nbsp; In the first, a large amount of 24.9 million XRP tokens, valued at $15.3 million, were transferred from an anonymous wallet to Bitstamp.</p>
<p>This was followed by another significant transaction involving the transfer of 25.2 million XRP from an anonymous wallet to Bitso, worth around $15.54 million.</p>
<p>The price of XRP has been witnessing a severe sell off recently. Despite this tendency, a number of crypto experts continue to predict that <a href="https://thenewscrypto.com/controversial-deepfake-scam-video-of-ripple-ceo-sparks-outcry/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s</a> native cryptocurrency would rise in the near future.</p>
<h3 class="wp-block-heading" id="h-bears-in-control">Bears in Control</h3>
<p>At the time of writing, XRP is trading at $0.6218, down 3.85% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 2.11%. The price spiked all the way to $0.65 level recently, but failed to clear above and faced severe selling pressure.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2023/12/XRP_7D_graph_coinmarketcap-2.png" alt="" class="wp-image-88192" srcset="https://thenewscrypto.com/wp-content/uploads/2023/12/XRP_7D_graph_coinmarketcap-2.png 630w, https://thenewscrypto.com/wp-content/uploads/2023/12/XRP_7D_graph_coinmarketcap-2-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>If the price manages to go past $0.63 level, then it will likely surge to test $0.65 resistance level. Breaking above this level, will likely see price starting a fresh rally all the way till $0.67 level.</p>
<p>On the other hand, if price manages to go below $0.61 then it will likely fall further to test $0.60 support level. Further decline will likely result in price testing $0.59 level.</p>

XRP Faces Severe Selling Pressure After Recent Surge to $0.65 Level

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