In a recent transaction, 150,000,000 XRP worth $380,084,007 was transferred between unknown wallets, sparking speculation about the motives behind the transfer. It is unclear why the transfer took place, but it could be an OTC transfer or a whale reshuffling their funds. Whale activity on the XRP network has been increasing, with several large transactions occurring in recent weeks. The price of XRP has also seen a decline, dropping 6.92% in the last 24 hours and down 20% from its recent high. The Crypto Summit, which was expected to have a positive impact on XRP, ended without significant developments, causing disappointment among investors. If XRP were to rebound, it may aim to reclaim the $3 mark, but if the drop continues, it could retest support near $2.



Other News from Today