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 <p>According to WhaleAlerts, an XRP whale has transferred 23.8 million tokens worth $16.1 million to the crypto exchange Bitstamp. The transfer of assets to an exchange is bearish as it opens up the possibility of being dumped.</p>
 <p><strong>Also Read: Solana: FTX Transfers $31 million SOL To Binance, Price Dips 3%</strong></p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="590" src="https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp" alt class="wp-image-117968" srcset="https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp 1024w, https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp 300w, https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp 768w, https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp 1536w, https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp 2048w, https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp 380w, https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp 550w, https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp 800w, https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp 1160w, https://cdn.thebittimes.com/images/2023/11/06/00d95a62cb8478fe347129165e08154d.webp 2352w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Whale Alerts
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 </figure>
 <p>The whale’s transfer comes amid XRP’s latest price surge. The token is up by 9.1% in the last 24 hours and by 23.4% in the weekly charts. The asset is also up by almost 99% since January 2023.</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="49" src="https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp" alt class="wp-image-117972" srcset="https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp 1024w, https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp 300w, https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp 768w, https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp 1536w, https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp 2048w, https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp 380w, https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp 550w, https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp 800w, https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp 1160w, https://cdn.thebittimes.com/images/2023/11/06/e436f0d8ee7b3c16b18e8aefdda19023.webp 2512w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinGecko
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 </figure>
 <p>The whale may be booking profits, given the crypto’s incredible performance this year. Moreover, the asset was deemed not a security by a U.S. court, which has significantly led to a rise in popularity. However, the whale may be anticipating a price correction and perhaps wants to sell before prices dip.</p>
 <h3 class="wp-block-heading" id="h-will-xrp-s-price-fall">Will XRP’s price fall?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="536" src="https://cdn.thebittimes.com/images/2023/11/06/ace33493189e18601e305b58f2c460fb.webp" alt="XRP" class="wp-image-117547" srcset="https://cdn.thebittimes.com/images/2023/11/06/ace33493189e18601e305b58f2c460fb.webp 1024w, https://cdn.thebittimes.com/images/2023/11/06/ace33493189e18601e305b58f2c460fb.webp 300w, https://cdn.thebittimes.com/images/2023/11/06/ace33493189e18601e305b58f2c460fb.webp 768w, https://cdn.thebittimes.com/images/2023/11/06/ace33493189e18601e305b58f2c460fb.webp 380w, https://cdn.thebittimes.com/images/2023/11/06/ace33493189e18601e305b58f2c460fb.webp 550w, https://cdn.thebittimes.com/images/2023/11/06/ace33493189e18601e305b58f2c460fb.webp 800w, https://cdn.thebittimes.com/images/2023/11/06/ace33493189e18601e305b58f2c460fb.webp 1160w, https://cdn.thebittimes.com/images/2023/11/06/ace33493189e18601e305b58f2c460fb.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source – Coinpedia
  </figcaption>
 </figure>
 <p>A liquidation of $16 million worth of tokens could have a significant impact on the asset’s price. However, there is no confirmation if the whale has sold its holdings yet. It has only transferred the tokens into Bitstamp.</p>
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 <p><strong>Also Read: Dubai Incorporates XRP Into Special Economic Zone</strong></p>
 <p>According to PricePredictions, XRP’s price could fall in the month of November. The platform anticipates the token to fall to around $0.65 by early December. However, the asset is one of the most popular forms of remittance in cross-border transfers. With a “non-security” label from the court, analysts anticipate an increase in the token’s adoption in the near future.</p>
 <p>The whale that transferred the tokens might just be expressing caution in case of a correction. The crypto market is currently following Bitcoin (BTC), which is showing some signs of consolidation. If BTC’s rally stalls, other tokens may take a hit. Hence, the whale might be preparing for the worst.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-whale-transfers-16-million-worth-of-tokens-will-price-dip-tbt69156.html">https://thebittimes.com/xrp-whale-transfers-16-million-worth-of-tokens-will-price-dip-tbt69156.html</a></p>

XRP: Whale Transfers $16 Million Worth of Tokens, Will Price Dip?

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