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XRP Whale Transfers Millions of Tokens; XRP Selloff to Follow?

Published 28/08/2023, 12:09
XRP Whale Transfers Millions of Tokens; XRP Selloff to Follow?
XRP/USD
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  • Whale Alert tweeted yesterday that a whale transferred millions of tokens to Bitstamp over the past 24 hours.
  • XRP’s price had started to drop during the past 24 hours, and was standing at $0.5162 at press time.
  • Technical indicators on XRP’s daily chart suggested that medium-term momentum was in favor of sellers.

The whale tracking platform Whale Alert revealed that millions of Ripple (XRP) tokens were transferred to an exchange platform during the past 24 hours, which may be an early indication of an XRP selloff. In the first post, the platform shared that 425,118,503 XRP, worth $224,906,760, was transferred from Bitvavo to an unknown wallet yesterday evening.

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