<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/xrp-experiences-large-transactions-and-price-downturn" rel="noopener noreferrer nofollow">XRP Experiences Large Transactions and Price Downturn</a><br></p>
<p style="text-align: justify">On March 14, amidst a lawsuit with the SEC, <a href="https://en.bitcoinhaber.net/ripples-strategic-xrp-token-movements-impact-market-dynamics" rel="noopener noreferrer nofollow">Ripple</a> Labs’ <a href="https://en.bitcoinhaber.net/ripple-transactions-stir-investor-unease-as-large-xrp-moves-surface" rel="noopener noreferrer nofollow">XRP</a> token witnessed a dip below the $0.69 mark, despite recent gains. This decline prompted investors to scrutinize blockchain activities via Whale Alert, noticing substantial transfers of XRP which sparked discussions in the crypto community.</p>
<h2 id="whale-movements-in-the-market">Whale Movements in the Market</h2>
<p style="text-align: justify">Whale Alert observed three high-volume transactions involving XRP, coinciding with a market slump. Ripple and an anonymous entity moved a total of 177.5 million XRP to various recipients, including centralized exchanges. The largest transaction involved Ripple sending $95 million worth of XRP to a single recipient, while a known whale address carried out the other two transfers, sending sizeable amounts to Bitstamp and Bitso.</p>
<p style="text-align: justify">The community speculated that these transactions might indicate an upcoming sell-off by large holders. The market sentiment among these whales appeared to be divided, with some signs of negative trends continuing for XRP.</p>
<h2 id="market-indicators-for-xrp">Market Indicators for XRP</h2>
<p style="text-align: justify">Derivative market data suggested an ongoing decline for XRP. At the time of reporting, XRP’s value had dropped by 2.47% in the last day, which was echoed by a reduction in market cap and a significant decrease in 24-hour trading volume.</p>
<p style="text-align: justify">Open interest in XRP also fell according to Coinglass, alongside a sharp dip in trading volume. The combined data indicates a bearish outlook, causing some investors to exit their positions in anticipation of potential further declines.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/xrp-experiences-large-transactions-and-price-downturn" rel="noopener noreferrer nofollow">XRP Experiences Large Transactions and Price Downturn</a></h5>

XRP Experiences Large Transactions and Price Downturn

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