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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.

Original source:headtopics

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