<ul class="news-points">
 <li>A prominent XRP whale transferred 30 million tokens to an exchange.</li>
 <li>The digital asset lost crucial support at the $0.5 price level.</li>
 <li>The RSI indicator shows that the selling pressure is quite high in the market.</li>
</ul>
A prominent XRP whale transferred a whopping 30 million tokens to an exchange as bearish winds engulfed the digital asset market in the past 24 hours and the cryptocurrency lost crucial support at $0.5.&nbsp;
According to blockchain<a href="https://whale-alert.io/transaction/ripple/DC4C24C32917B3D93ADFFBDF2199E94B8BC9138B9F3FCD0232997609E51B332F" target="_blank" rel="noopener noreferrer nofollow"> data</a>, the whale moved the tokens to the exchange, possibly cashing out, which resulted in the token facing increased selling pressure and following a downward trajectory.&nbsp;
The data from CoinMarketCap<a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow"> shows</a> that the trading volume of the seventh largest digital asset surged by a whopping 52.33% in the past 24 hours, while the market capitalization of XRP stands at $27.2 billion. Further, as of 1:32  a.m. ET Monday, the price of the token stands at $0.4925, down 3%.&nbsp;
Pro-XRP lawyer Bill Morgan also took to social media platform X to<a href="https://twitter.com/Belisarius2020/status/1789845103990735075" target="_blank" rel="noopener noreferrer nofollow"> highlight</a> that XRP had lost the $0.5 price level and is currently trading at $0.4.&nbsp;
Moreover, as per the chart provided by<a href="https://tradingview.com/" target="_blank" rel="noopener noreferrer nofollow"> TradingView</a>, the Relative Strength Index (RSI) for XRP/USDT on a da…
The post <a href="https://coinedition.com/xrp-loses-0-5-as-whale-moves-30m-tokens-to-exchange-platform/" rel="noopener noreferrer nofollow">XRP Loses $0.5 as Whale Moves 30M Tokens to Exchange Platform</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Loses $0.5 as Whale Moves 30M Tokens to Exchange Platform

Coin Edition

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