Ripple And Whales Move 200 Mln XRP Amid Price Slump
As of today, November 21, the XRP cryptocurrency once again caught the eyes of crypto market enthusiasts as whales reshuffled gigantic amounts of coins over the past twenty-four hours.
In a series of transactions revolving around the XRP cryptocurrency, three whale movements transferring tokens to CEX and unknown wallets nabbed significant attention within the broader crypto markets.
Simultaneously, the XRP price also witnessed a marginal downfall at the time of writing.
XRP Whale Transactions: A Detailed Report
According to the data offered by Whale Alert, a blockchain tracking platform, three massive whale movements orbiting XRP occurred over the past twenty-four hours.
Notably, the first whale transaction that caught the eyes of crypto traders and investors alike transferred 90 million XRP from Ripple, a payment network and currency exchange, to an unknown wallet, rJqiMb94hy…W8AzELa8nE, today. The transferred tokens amounted to $55.24 million at the time of writing.
Furthermore, another whale transaction that caught the eyes of crypto enthusiasts transferred 85 million XRP from an unknown wallet, rJqiMb94hy…W8AzELa8nE, to another unknown wallet, rP4X2hTa7A…7XZ63sKxv3. The amount transferred was evaluated to $51.99 million.
Besides the abovementioned transfer of tokens to unknown wallets, a significant whale transferring XRP to a CEX caught attention in the markets. The unknown wallet, r4wf7enWPx…5XgwHh4Rzn, reportedly transferred 25.50 million XRP to Bitstamp, a Luxembourg City-headquartered cryptocurrency exchange. As reported by CoinGape media earlier, the same wallet has been observed dumping millions of XRP to centralized exchanges, sparking curiosity among traders and investors. As of November 21, the amount of tokens transferred to Bitstamp was evaluated to a whopping $15.63 million.
The constant to and fro of XRP from exchanges to wallets, and vice versa, has curated a sense of frenzy for the coin’s tokenomics within the broader crypto markets.
Also read: Chainlink Whale Accumulation on the Rise, LINK Price Rally to Continue
XRP Price Slumps Amid Whale Activity
At the time of writing, the XRP price witnessed a marginal downfall of 1.46%, reaching $0.6098 over the past twenty-four hours. Furthermore, the token witnessed a substantial decrease of 8.13% over the past seven days.
As whale activity revolving around the XRP cryptocurrency continues to amass, data suggests a potential shift in the token’s market dynamics. Furthermore, a leading crypto analyst, Dark Defender, recently offered insights claiming that the cryptocurrency might be poised for an upcoming rebound.
Also read: Founder Jesse Powell Open Up About US SEC Lawsuit Against Kraken
- Breaking: Crypto Market Crashes as Trump Imposes 100% Tariff on China
- ASTER Airdrop Delayed to October 20 Amid Criticisms Over Token Allocations
- U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown
- Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies
- Breaking: Bitcoin Falls After Trump Threatens ‘Massive’ Increase in Tariffs on China
- Can $TAPZI Reach $1 In Q1 2026?
- Here’s Why XRP Price May Have a Zcash-Like Surge
- $TAPZI Price Prediction: What’s Ahead of the $TAPZI token Presale?
- Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption
- Dogecoin Price Prediction as $23M Leaves Exchanges—Is the Parabolic Phase Beginning?
- Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
