XRP drops 14% after $175 million reaches exchanges from the wallet of Ripple co-founder

$XRP

14% drop after $175 million reached exchanges from the wallet of Ripple co-founder

My thoughts on the wild ride of XRP and what drives it. What a week for #XRP! I was glued to the charts as XRP soared to $3.60—its highest since 2021—only to then sharply retreat to around $3. The price fluctuations were intense, but what really caught my attention was the massive movement of 50 million XRP, worth about $175 million, from a wallet linked to Ripple co-founder Chris Larsen, between July 17 and July 24. Here are the details: about $140 million of that XRP landed on centralized exchanges. Movements like this often scream potential sell-off, and it's no surprise the market felt the pressure, with XRP dropping over 14% this week. However, I remain optimistic. This target of 6 $ is still in sight for many of us traders, but these whale movements remind us how large players can shake the market just when things get exciting. What do you think—will XRP overcome this and continue to climb? #Crypto #Ripple

Is this the right time to #Invest or #Trade in $XRP? 🤔.

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