Almost 50 Million XRP Moved to the Exchange While Price Looking to Go Back to a Quarter’s Worth

About 50 million or 49,999,970 XRP, to be exact (worth $13,612,967) has been transferred from an unknown wallet to cryptocurrency exchange Bitstamp on Sept. 24, reported WhaleAlert, a live tracker of large crypto transactions from and to exchanges for different digital assets.

Interestingly, the fees charged on this huge transaction was merely 0.000045 XRP ($0.00001215).

Just last week, Whale Alert reported that 11 million XRP tokens were transferred from Ripple’s OTC distribution wallet to a third party.

And now another massive transfer.

These large transfers came while the digital asset moves downwards after the stellar performance of last week.

On Sept. 18, XRP price hit $0.32, that was last hit in early August only to slide downwards to $0.266, the lowest point of today.

Currently, XRP is trading at $0.268 with 24 hours loss of 2.17 percent, as per Coincodex.

However, among the top 15 cryptocurrencies, the second largest cryptocurrency is down by the least percentage, except for the stablecoin USDT.

However, if XRP continues to drop, it will soon claim the $0.25 level yet gain, a level it was trading around before this spike.

According to analyst DonAlt, if XRP manages to close above $0.30, it would be a buy opportunity as we could see more gains in the future,

“until then looking for longs around $0.20 instead.”

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide