In the past day, there’s been a big increase in large transactions of XRP, with 67 million tokens moved around. This has caught the attention of crypto experts, leading to discussions. However, feelings in the market are mixed because of recent drops in cryptocurrency values.<h2 id="header-0">Chika Moji New Memecoin Get 100,000 Chika Tokens $100 Free Join Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" />After the SEC and Ripple resolved regulatory tensions, a surge in XRP whale activity has emerged in the last day, grabbing attention worldwide. About 67 <a href="https://cryptosheadlines.com/shiba-inus-puppynet-testnet-records-10-million-transactions-highlights-ecosystem-tokens/" rel="noopener noreferrer nofollow">million tokens were moved in these transactions</a>, gaining traction amidst a broader crypto market downturn where most prices have dropped.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4214b9fb919f41bd8c7aa2a9d2d1d5bb.png" /><h2 id="header-1">Ripple’s Trading and Whale Activity Speculation</h2>Ripple’s recent trading in negative territory has sparked speculation among global crypto enthusiasts about a potential bullish wave for XRP, potentially propelling it towards the $1 mark. Despite recent gains, a drop to $0.63 has left investors anxious, while derivative data indicates mixed sentiments in the market.Data from Blockchain tracker <a href="https://cryptosheadlines.com/large-xrp-sale-whale-offloads-14-million-worth-of-xrp/" rel="noopener noreferrer nofollow">Whale Alert reveals three transactions moving 67.39 million XRP</a> in the last 24 hours. Two large dumps to CEXs (centralized exchanges) were noted, while one showed significant accumulation from leading exchange Binance.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4214b9fb919f41bd8c7aa2a9d2d1d5bb.png" />The accumulation from Binance, conducted by an anonymous address, totaled 16.99 million XRP valued at $11.35 million. Dumps to CEXs Bitstamp and Bitso were executed through the …Rzn address, known for similar transactions in the past. The dump to Bitstamp amounted to 22.8 million XRP valued at $15.21 million, while the dump to Bitso was 27.6 million XRP valued at $18.6 million.<a href="https://cryptosheadlines.com/rndr-overtakes-tao-in-market-cap-claims-ai-coin-throne/" rel="noopener noreferrer nofollow">Also Read: RNDR Overtakes TAO in Market Cap; Claims AI Coin Throne</a><h3 id="understanding-xrp-market-trends-during-dumping-and-decline">Understanding XRP Market Trends During Dumping and Decline</h3>The recent dumps align with XRP’s ongoing decline, indicating a rise in crypto supply during today’s market crash. However, the weight of accumulation reflects <a href="https://cryptosheadlines.com/top-brands-embrace-crypto-despite-mixed-sentiments-among-americans/" rel="noopener noreferrer nofollow">mixed sentiments among</a> whales regarding the Ripple-backed cryptocurrency.<h2 id="header-2">Chika Moji New Memecoin Get 100,000 Chika Tokens $100 Free Join Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" />As of now, the <a href="https://cryptosheadlines.com/release-of-500-million-xrp-tokens-from-escrow-causes-price-drop/" rel="noopener noreferrer nofollow">XRP token has seen a significant drop</a> of 6.89% in the last 24 hours, trading at $0.636. This decline, coupled with the token’s derivative data, has sparked speculation among crypto investors.Coinglass data reveals a 9.93% decrease in open positions, alongside a 115.13% increase in volume. This surge in market activity, combined with money exiting the market, suggests that bulls or bears could seize control at any moment, reflecting whales’ uncertainty about the token.Despite the current downward trend, the increase in the OI (Open Interest) weighted funding rate to 0.0706% raises speculation about potential changes in future price movements.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/eb50fa54f7054a168c0fca9206501b78.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Big Investors Boost Activity in XRP Market

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