<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-level-warning-from-analyst-who-accurately-predicted-xrp-trends/" data-wpel-link="internal">Key Level Warning from Analyst Who Accurately Predicted XRP Trends</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/xrp-tahminlerinde-yanilmayan-analistten-kritik-seviye-uyarisi" data-wpel-link="internal">Ripple</a> Labs’ native token <a href="https://en.coin-turk.com/xrp-coin-will-it-rise-again/" data-wpel-link="internal">XRP</a>, which has been at the center of the <a href="https://en.coin-turk.com/bitcoin-price-surges-as-fed-meeting-approaches/" data-wpel-link="internal">SEC</a> lawsuit, entered a period full of rumors today, on March 14, following a notable rise in the past few days and a subsequent drop in price below the $0.69 level. Investors, noticing the decline, turned their attention to Whale Alert, a service that tracks large transactions on the blockchain. The data that emerged seems to have resonated more significantly within the crypto community.</p> 
<h2 style="text-align: justify" id="today-s-xrp-transactions">Today’s XRP Transactions</h2> 
<p style="text-align: justify"><strong>Whale Alert</strong> reported that 177.5 million XRP were transferred early today during a market downturn. According to Whale Alert, three separate transactions took place. During this period, a massive amount of XRP was transferred from unknown wallets and <a href="https://en.coin-turk.com/ripples-xrp-gains-momentum-as-analysts-predict-breakthrough/" data-wpel-link="internal">Ripple</a> to Centralized Exchanges (CEXs).</p> 
<p style="text-align: justify">In the first transaction, 140 million XRP worth $95 million were sent from <strong>Ripple</strong> to the address rP4X2hTa7A…7XZ63sKxv3. The remaining two transactions involved significant amounts of XRP being transferred to CEXs by a known XRP whale address. It was revealed that 21.1 million XRP worth $14.42 million were sent to Bitstamp, while 16.4 million XRP valued at $11.21 million were transferred to Bitso.</p> 
<p style="text-align: justify">Following these transactions, there were speculations that whales might be preparing for another major sell-off. There was also a noticeable mixed sentiment among whales in the market during this period. On the other hand, XRP continued to exhibit a negative trend today.</p> 
<p style="text-align: justify">Looking at derivative data, there was a significant downward trend that seemed to persist.</p> 
<h2 style="text-align: justify" id="what-is-the-current-price-of-xrp">What is the Current Price of XRP?</h2> 
<p style="text-align: justify">At the time of writing, the XRP price had experienced a 2.47% decrease over the last 24 hours, trading at $0.6887. The market cap also saw a 2.47% decrease, and with a 34.05% reduction in the 24-hour trading volume, XRP fully reflected the downtrend today.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-327369" src="https://coin-turk.com/wp-content/uploads/2024/03/xrp-kac-dolar-coin-turk-com.png" alt="" width="1567" height="891"></p> 
<p style="text-align: justify"><strong>Coinglass</strong> reported a 0.85% decrease in open interest for the token and a 52.32% decrease in trading volume, supporting this trend.</p> 
<p style="text-align: justify">Some investors were choosing to close their positions. Traders seemed to be acting on the belief that there could be further downward movements in the future.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/key-level-warning-from-analyst-who-accurately-predicted-xrp-trends/" data-wpel-link="internal">Key Level Warning from Analyst Who Accurately Predicted XRP Trends</a></h5>

Key Level Warning from Analyst Who Accurately Predicted XRP Trends

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