CandleFocus 28 Million XRP Dump Stuns Ripple Community
2024-10-18
Author: Content Editor
The XRP price has been struggling to rally higher despite bullish momentum in the broader crypto market. This lackluster performance could be attributed to negative sentiment among XRP supporters and investors, as well as selling activities from XRP whales. An XRP whale recently transferred 28 million XRP tokens to a crypto trading platform, exerting bearish pressure on the market. The absence of major XRP purchases indicates a selling trend, with bears in control. This sentiment could lead to more pressure on the market and hinder any potential big gains for XRP in the near future. Meanwhile, Bitcoin is nearing a crucial price level and analysts expect a new all-time high, but XRP is not following the trend and is experiencing a decrease in price and trading volume.
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