XRP Whale Dumps 56 Million XRP Amid Price Volatility, What's Next?

Despite the recent optimism and relief brought by FIT21 that has enveloped the Ripple community, the Ripple Labs-backed cryptocurrency XRP has shown quite volatile price action, defying the usual market sentiment. Amid this heightened volatility, a well-known XRP whale continues to dump a large amount of XRP coins on centralized exchanges, drawing attention from the global crypto community.

According to data from the on-chain analytics platform, nearly 56 million XRP were transferred to CEXs in the past 24 hours. This event has raised investor concerns about the future performance of XRP.

According to information provided by Whale Alert, 56 million XRP were recorded to be transferred from the same whale address through several transactions. Notably, the well-known XRP whale address ..Rzn transferred XRP to Bitstamp and Bitso.

The first transaction shows that 30.08 million XRP (worth $15.63 million) were transferred to Bitso. The second transaction shows that 25.8 million XRP (worth $13.4 million) was transferred to Bitstamp.

Although the amounts transferred are relatively small, they highlight the existence of selling pressure, a factor that could hinder a significant increase in the price of XRP.

#现货以太坊ETF获美SEC批准 #MegadropLista #美众议院通过FIT21法案 #xrp #热点话题

Recently, I have also been ambushing a currency that is about to explode, with a short-term increase of more than 60% and a long-term increase of about 1 to 3 times.

Again, if you take the initiative to find me, I will take you ashore, and you just lie down.

Leave a message 68 to take you into my door for free!

I will never let my fans miss out in this bull market! This is the truth