XRP Whale Moves 29 Million Tokens to Bitstamp Amid Price Slide
As XRP struggles following a judge’s ruling that it isn’t a security, a significant whale has moved 29 million XRP to Bitstamp exchange, possibly indicating a sell-off. The XRP price is currently recovering from the support level at $0.5, but there is a risk of a significant drop if traders and whales liquidate their holdings. The trial between Ripple and the SEC is expected to occur in the second quarter of 2024. Over the past 24 hours, the value of XRP declined by over 3%.
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