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Coin

<ul class="news-points"> 
 <li><strong>Large XRP whale transfers to exchanges draw market attention.</strong></li> 
 <li><strong>XRP’s price dips amid whale activity, but analysts remain optimistic.</strong></li> 
 <li><strong>Technical indicators suggest a potential for XRP market reversal.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/tag/ripple-xrp/">Ripple’s XRP</a> token recently drew attention after a pair of whale transfers were picked up by Whale Alert. According to the whale tracker, two large transfers moved a total of 46.60 million XRP to centralized exchanges. The first <a href="https://whale-alert.io/transaction/ripple/E7AF1467B14F9FA30918EF386F0543AA6DE1B120310B70DFDCC2C97159AFE4EA" target="_blank" rel="nofollow">transfer</a> saw 23.80 million XRP, valued at about $14.84 million, sent to Bitstamp, while the second moved 24.80 million XRP, <a href="https://whale-alert.io/transaction/ripple/4DB495C8AC0D0AFEC3574D6E9F36A4E56A2F919E7EB502E9E1C04485AC9E56A5" target="_blank" rel="nofollow">worth</a> roughly $15.46 million, to Bitso.</p> 
<h2 class="wp-block-heading" id="h-xrp-s-market-performance-amidst-whale-transfers"><strong>XRP’s Market Performance Amidst Whale Transfers</strong></h2> 
<p>Amid these activities, <a href="https://coinedition.com/ripple-xrp-price-prediction/">XRP’s price</a> experienced a slight downturn, dropping 1.95% to $0.6289 as of press time. Consequently, during the decline, XRP’s market capitalization and 24-hour trading volume dipped by 1.68% and 21.52% to $34,059,801,089 and $1,461,443,740 respectively.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/GjQbU4eGTBXRHPvO_tVqHBf7xPC_cttM_EcpUU-GpPu6RTm5YRnOBgiqj7S6nj_Pq3YQqLE773u2Hb_rrXQYJohYfAdbhjoAScy1qwon1CNo0bMTfPtG40tPVlEYFaEfAcIQ9DTF7v6xM7kugka6sd4" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   <em>XRP/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/ripple/" target="_blank" rel="nofollow">CoinStats</a>)</em>
  </figcaption>
 </figure>
</div> 
<p>Despite this, market analysts like Cryptoes remain optimistic about the token’s future. They suggest that a bounce back above a crucial trend line could signal a positive trajectory for XRP. Supportin…</p>
<p>The post <a href="https://coinedition.com/xrp-dips-after-whales-send-47m-tokens-to-exchanges/">XRP Dips After Whales Send 47M Tokens to Exchanges</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

XRP Dips After Whales Send 47M Tokens to Exchanges

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