XRP Price Dump Alert? Whales Caught Moving Mlns Of XRP

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.

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.

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?

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.