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Cryptocurrency News Articles
Almost 70 Million XRP in 24 Hours, Here's What's Happening
Jul 10, 2024 at 10:01 pm
Several large XRP transactions were made to large exchanges as coin's price reversed after failed rise
The collective value of these XRP transfers is estimated to be around $30 million. This is a large sum of coins being sent to crypto exchanges. The purpose of these transactions appears to be a Crucial Bitcoin Signal, $3,000 Is Now or Never for Ethereum , Toncoin Whales Buy 13 Million in 2 Days In this case, these crypto traders have initiated a major sell-off of 70 million XRP coins. Usually, such developments leave a bearish impact on a coin. XRP may also struggle amid this intense selling pressure. However, it is also true that it will not be a long-term scenario.
Amid today’s sell-off, the XRP price is trying to recover from its recent losses. As of writing time, the brainchild of Ripple is trading at $0.4406. While the price has increased by 1.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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