XRP Whale Moves 30M Coins to Exchange

XRP Whale Moves 30M Coins to Exchange

The post XRP Whale Moves 30M Coins to Exchange appeared first on Coinpedia Fintech News

An XRP whale recently moved over 30 million coins to a centralized exchange, although XRP’s price remained below $0.5 despite a slight increase. This transaction was noticed on Bitstamp, raising significant concerns about the coin’s future trajectory. The whale, known as Rzn, has a history of dumping large amounts on Bitstamp, leading to speculation about its connection to Ripple. Additionally, market data suggests bearish trends, reduced investor interest, and declining derivatives volume. XRP’s current price struggles to exceed the $0.5 mark, while market conditions indicate uncertainty as buyers and sellers compete for dominance.