Plunges 14% After $175M Hits Exchanges from Ripple Co-Founder's Wallet
My Thoughts on XRP’s Wild Ride and What’s Driving It What a week for #XRP ! I’ve been glued to the charts as XRP soared to $3.60—its highest since 2021—only to pull back hard to around $3. The price swings were intense, but what really grabbed my attention was the massive movement of 50 million XRP, worth ~$175M, from a wallet linked to Ripple co-founder Chris Larsen between July 17-24. Here’s the kicker: ~$140M of that XRP landed on centralized exchanges. Moves like that often scream potential sell-off, and it’s no surprise the market felt the heat, with XRP dropping over 14% this week. Still, I’m staying bullish. That $6 target is still in sight for many of us traders, but these whale moves are a reminder of how big players can rattle the market just when things get exciting. What do you think—will XRP shake this off and keep climbing? #Crypto #Ripple
This is the right time to #Invest or #Trade in $XRP ? 🤔.
Comment 👇 below and say your opinion .
