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Cryptopotato

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XRP Price Suddenly Drops by 5% as Ripple Whales Offload Tokens

  • Ripple whales have offloaded over 60 million tokens in just three days, amounting to roughly $140 million.
  • This rapid sell-off reflects a significant shift in investment strategy by large Ripple investors who accumulated over 900 million tokens in April.
  • XRP's price surged to nearly $2.44 before experiencing a 5% drop, currently hovering around $2.35 with $2.3 as a critical support level.
  • The market reaction follows BTC's rally to an all-time high and highlights the volatility of cryptocurrencies like XRP.

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