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Sultana Sagir
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$XRP Major Dumping Causes A recent significant drop in XRP price was triggered by a combination of factors, including large-scale selling by whales, broader market volatility due to economic factors, and a potential shift in market attention away from XRP towards Bitcoin. Specifically, reports indicate that whales offloaded a substantial amount of XRP, and this, coupled with global market instability, contributed to the price decline. Here's a more detailed breakdown: Whale dumping: Large holders, often referred to as whales, engaged in significant selling of XRP, causing a sharp drop in price. This was reported to be a significant factor in the recent price decline. Market volatility: The crypto market experienced broader instability, with XRP's price falling along with other cryptocurrencies. This volatility was attributed to factors like US tariffs and overall risk-off sentiment. Shift in market attention: Some analysts suggest that the focus has shifted to Bitcoin, potentially diverting capital flows away from altcoins like XRP, which could contribute to XRP's price decline. Profit-taking: Following a previous rally, some traders may have been taking profits, further contributing to selling pressure. Broader economic factors: The broader economic situation, including potential "deregulating" or "global financial reset" scenarios, may also be contributing to the decline. Network issues: A glitch that caused the XRP ledger to go offline briefly also contributed to the price drop. In essence, the XRP price drop was likely a result of a confluence of factors, including whale activity, broader market instability, and shifts in market focus.
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