Why (Ripple) XRP May Be on the Verge of Falling Below $0.60

Published 27/11/2023, 11:05
Why (Ripple) XRP May Be on the Verge of Falling Below $0.60
XRP/USD
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Coin Edition -

  • A total of 50.7 million XRPs was transferred into Bitstamp between November 23 and 26.
  • Bulls were unable to defend the $0.62 support as XRP faced increasing downward pressure.
  • The bearish bias, shown by the Aroon indicator, could push XRP below $0.60.

According to Whale Alert, a whale has transferred 25.5 million Ripple (XRP) tokens worth $15.72 million to the Bitstamp exchange. This transfer, which happened in the late hours of November 26, is just one out of the series of XRP transactions involving whales in recent times.

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