🚨 XRP News Update | Ripple Co-Founder’s Massive Transfer Triggers Market Shock!
In a surprising move, Ripple co-founder Jed McCaleb has reportedly transferred $175 million worth of XRP, igniting fresh concerns across the crypto community. This massive transfer has triggered FUD (fear, uncertainty, doubt) and put downward pressure on XRP's price, which is now flirting dangerously close to the $0.30 support level.
🔎 What’s Happening?
💸 Whale Transfer Alert: Blockchain data revealed the transfer from McCaleb’s known wallet, sparking speculation that a large-scale sell-off could be imminent.
📉 Market Reaction: XRP dropped sharply after the transfer and is now testing key technical support levels. A break below $0.30 could open the door for a fall towards $0.25 or lower.
🧠 Analyst Insights:
Some experts believe this move might indicate internal liquidity pressure.
Others suggest it’s simply planned liquidation from vested XRP holdings.
💬 Community Response: Many XRP holders have expressed frustration, with some calling for regulatory controls on co-founder-held assets.
💥 Why It Matters?
Ripple’s credibility and XRP’s market strength are tightly linked. Sudden whale movements like this can erode investor confidence and discourage new adoption — especially when the XRP community is waiting on SEC vs Ripple case updates and CBDC adoption rumors.
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