A renowned XRP whale has continued its selling streak, offloading nearly 71 million XRP to exchanges amid a bearish crypto market. Notably, 35.8 million XRP was moved to Bitso and 35.1 million to Bitstamp, collectively worth over $31 million.
XRP’s price has dipped to around $0.39, influenced by the broader market trend. This level serves as a critical support point, where most trades have occurred since 2014. Despite Ripple’s network upgrades and legal battles, XRP’s sluggish movement continues.
The price recently fell by 10.15%, with a low of $0.3977 and a high of $0.4532 in 24 hours. The RSI indicates an oversold territory, suggesting a potential rebound. Pro-XRP lawyer Bill Morgan’s strategic purchase adds optimism for future price recovery.
The continued whale activity and strategic buys highlight XRP’s potential for a rebound, emphasizing its long-term significance in the crypto market.
