XRP Price Dump Alert? Whales Caught Moving Mlns Of XRP

Coingapestaff
January 31, 2023 Updated May 19, 2025
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XRP price news

XRP Price News: Amid the crypto winter and the Ripple lawsuit saga, XRP is slowly losing its momentum. However, the latest whale data depicts that whales are ready to dump. Whale Alert reported that several addresses transferred 68 million XRP tokens (approx worth $27 million) to crypto exchanges like Bitso and Bitstamp.

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XRP Price Drop: Hold Or Sell signal?

As per the data provided by WhaleAlert, crypto whales moved over 370 million XRP tokens, worth more than $147 million, throughout the past 24 hours. The single biggest transaction recorded by the tracker has been moving 252 million XRP (approx worth $101 million) to an unknown wallet.

At the time of writing, XRP is trading at $0.4023. XRP price has dropped by around 5% in the last 7 days. While its 24 hour trading volume has declined by more than 2% to stand at $1.07 billion.

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Struggle is not over yet

On the daily chart, the coin is constantly struggling to break above the $0.40 resistance level, which can be worrisome as crypto investors may opt to sell if the judgment is hindered further. Who will be there to commemorate the victory for Ripple?

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Will Ripple make a solid comeback?

Crypto investors are desperately waiting for the court to give out summary judgment in the long running lawsuit. But there isn’t anything “Worth waiting” to go on till the court forms its decisions. The XRP price is numb and is eagerly waiting for Ripple vs SEC Lawsuit to get over. On the other hand, many investors are in a dilemma, and soon or later, supporters may be running out of patience.

Saying goes “Patience is bitter, its fruit is sweet,” but sometimes, that’s not the case, as delayed results may go in vain as the future of XRP seems foggy.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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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.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.