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XRP consolidated near a key support as whale transfer sparked bullish speculation. Leverage rises and long liquidations spiked, signaling growing volatility and Blockchain data illustrates that amid the token’s tumbled price movement in the past 24 hours, a renowned XRP whale offloaded slightly above 30 million tokens to an Recently, whale wallets were seen withdrawing XRP from exchanges, a move that may suggest accumulation. Ripple’s XRP dipped as low as $0.39, after years of sideways As a result, XRP is now on the brink of falling below the $0.50 mark. However, the whales seem to have recognized this issue and are likely jumping to prevent Yet despite the deteriorating price action, Santiment highlights that Ripple XRP just witnessed its highest number of whale transactions above $1 million since the post According to blockchain tracking platform Whale Alert, a significant transaction involving 29 million XRP, worth roughly $14.72 million, occurred earlier today. The XRP was transferred from an

Ripple XRP Dips Below $0.50: Whale Transactions Spark Speculation

Ripple's XRP is on the brink! XRP dipped as low as $0.39, after years of sideways trading, pushing it toward a critical threshold. As a result, XRP is now on the brink of falling below the $0.50 mark.

Why is XRP dropping? According to blockchain tracking platform Whale Alert, a significant transaction involving 29 million XRP, worth roughly $14.72 million, occurred earlier today. The XRP was transferred from an unknown wallet, contributing to downward pressure.

Whale Activity Fuels Uncertainty: Accumulation or Dumping?

The recent price drop has been accompanied by intriguing whale activity. XRP consolidated near a key support as whale transfer sparked bullish speculation. Recently, whale wallets were seen withdrawing XRP from exchanges, a move that may suggest accumulation. However, the whales seem to have recognized this issue and are likely jumping to prevent further decline.

Yet despite the deteriorating price action, Santiment highlights that Ripple XRP just witnessed its highest number of whale transactions above $1 million since the post-SEC lawsuit pump. This contrasting activity adds to the confusion.

Volatility Surges: Leverage and Liquidations

Leverage rises and long liquidations spiked, signaling growing volatility. Blockchain data illustrates that amid the token’s tumbled price movement in the past 24 hours, a renowned XRP whale offloaded slightly above 30 million tokens to an exchange.

What's next for XRP? The interplay between whale transactions and market sentiment will likely dictate XRP's short-term trajectory. Keep an eye on whale movements and leverage ratios for clues about future price action. Is this a buying opportunity, or will XRP continue to fall?

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