Million

Coin

<ul class="news-points"> 
 <li>Massive XRP whale offloads 27.95 million coins, triggering a substantial drop below $0.53.</li> 
 <li>XRP Whale predicts a surge, defying bearish sentiment&nbsp;</li> 
 <li>Derivative data signals negativity with a 2.44% dip in XRP’s open interest.</li> 
</ul> 
XRP, a cryptocurrency ranked among the top 6, is causing a stir in the crypto market. Today, a massive whale <a href="https://whale-alert.io/transaction/ripple/6B0A33D2C63ED237616604802F210563CAADF0EB9405C0EED5DCE96DBD073BA1" target="_blank" rel="nofollow">offloaded</a> 27.95 million XRP to a Luxembourg City-based CEX, coinciding with the digital asset’s substantial drop below $0.53. The unknown wallet address r4wf7enWPx…5XgwHh4Rzn did this substantial transfer. 
XRP already dipped below the <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="nofollow">$0.53</a> mark before the whale’s offload, thereafter, the downward trend remained, showing bearish sentiments for the token. Simultaneously, Coinglass derivatives data revealed a 2.44% dip in XRP’s open interest, supporting the pessimistic outlook on the cryptocurrency. 
This event has left crypto enthusiasts worldwide worried, particularly after there was a light of hope from the recent optimistic predictions from top analysts regarding XRP. However, the substantial whale offloading, is just in time with the price decline, suggesting a potential bearish phase for XRP in the future. 
The post <a href="https://coinedition.com/xrp-price-dips-below-0-53-as-massive-whale-offloads-28-million-tokens/">XRP Price Dips Below $0.53 as Massive Whale Offloads 28 Million Tokens</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP Price Dips Below $0.53 as Massive Whale Offloads 28 Million Tokens

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