Crash

Gains

<p>Ripple’s XRP has been a center of attention as whales started to send some of their holdings to centralized exchanges.&nbsp;</p>
<p>Yesterday, Whale Alert, a <a href="https://x.com/whale_alert/status/1836504933316575238?s=46" target="_blank" rel="noopener noreferrer nofollow">crypto analytics firm posted an update</a> that shows that 18,030,000 XRP tokens worth $10,394,008 have been transferred from an unknown wallet to Bitstamp.&nbsp;</p>
<p>Also, just a few hours after, the analytics firm posted that there was also a transfer of 19,700,000 <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> tokens which was worth $11,454,980 from an unknown wallet to Bitso.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 19,700,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> (11,454,980 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Bitso?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitso</a><a href="https://t.co/xXpjQBnnDB" target="_blank" rel="noopener noreferrer nofollow">https://t.co/xXpjQBnnDB</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1836540435931566124?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 18, 2024</a>
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<h2 class="wp-block-heading" id="is-a-crash-incoming-for-ripple-s-token">Is a Crash Incoming for Ripple’s Token?&nbsp;</h2>
<p>With more than $20 million transferred out within a few hours, the question remains: is a crash coming, or what could be the reason behind the transfer?</p>
<p>Such large transfers can indicate an intention to sell the token. This could also affect the sentiment of some investors who might think that the whales are already dumping.</p>
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/why-is-sei-price-up-2/" target="_blank" rel="noopener noreferrer nofollow"> Why Is SEI Price Up?</a></em></strong></p>
<p>This is particularly sensitive when it comes to XRP because of its lackluster price action in recent times.</p>
<p><a href="https://captainaltcoin.com/ripple-releases-new-update-on-stablecoins-whats-next-for-xrp-price/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s XRP,</a> despite various bullish predictions from different top analysts, has continued to trade in a sideways direction. This has continuously discouraged many holders.</p>
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<p>The whale could be dumping the token to restrategize, put money in other cryptos, or try out new strategies—the intentions are not clear.</p>
<p>It could also be a move to provide liquidity to the exchanges and not necessarily a dumping plan.</p>
<p>Overall, the $20 million movement of XRP is significant, but it is not enough to crash the market, which is worth more than $32 billion at the time of writing.</p>
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<p>The post <a href="https://captainaltcoin.com/massive-xrp-movements-to-exchanges-is-a-crash-incoming-for-ripples-token/" rel="noopener noreferrer nofollow">Massive XRP Movements to Exchanges – Is a Crash Incoming for Ripple’s Token?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Massive XRP Movements to Exchanges – Is a Crash Incoming for Ripple’s Token?

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