top of page

Ripple whales dump 100 million XRP as XRP price suffers the waning bullishness

XRP price made a historic rally after securing a partial win last month, but that bullishness now seems to be going away. The cryptocurrency has lost a significant chunk of the recent gains as whales shifted from HODLing to profit-taking. XRP price is currently trading at $0.619, falling by almost 25% in the span of two weeks after marking 2023 highs of $0.85 in July. Between July 19 and the time of writing, the supply of addresses holding 100,000 XRP to 1 million XRP declined from 6.85 billion XRP to 6.75 billion XRP. This 100 million XRP is worth about $61.8 million and could have been a catalyst in the decline observed recently.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!


bottom of page