On Saturday, the overall sales pressure in the cryptocurrency sales market reduced the XRP price from the previous US $0.5. XRP's long-term upward trend has been shaken off by the recent recession.
Looking back on the information in the past 30 days, XRP's price has risen by 46%. However, the value of the most popular cryptocurrencies, such as BTC (BTC) and ETH (ETH), declined by 4% and 17% respectively at the same stage.
In addition, the value of XRP has plummeted by nearly 4% in the past 24 hours. According to the whale alarm, more than 135 million XRO coins have been transferred from many cryptocurrency exchanges to various wallets that cannot be tracked.
Wallets of large and medium-sized centralized exchanges, including Ripple ODL partners Bitso, Bitstamp, Binance, Bittrex, are recipients of 13 large transactions, with the total amount of XRP transferred from 22 million to 40 million.
Three transactions were tracked, 122 million and two 100 million transfers, respectively.
After the gradual decline of XRP earlier this week, investors seem to have been distributing their holdings and even selling some of them. The decline in prices has also stimulated whales' desire to explore.
The previous day, Whale Wallet bought XRP tokens worth about 66 million dollars. The tracker's record of a large transaction is that a whale bought XRP for more than $19.1 million. The transaction is carried out in BitDog Cryptocurrency Exchange. On the other hand, whales accumulated more than 86 million XRP tokens from the same exchange.
Although the United States Securities and Exchange Association (SEC) launched a protracted legal and regulatory struggle, XRP still maintains its position as one of the top ten digital currencies in the world. However, a recent decision in a dispute is beneficial to Ripple. As a result, investors' good views on XRP have been applied.
As of the time of writing, XRP's bond yield is about $0.48. Its 24-hour trading volume has dropped 52% to 1.02 billion US dollars