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XRP Price Prediction as $800 Million Trading Volume Sends XRP into the Green – Are Whales Buying

The world's leading cross-border money transfer token, XRP, is bleeding for the third day in a row. Despite its 24-hour trading volume surpassing $800 million, XRP is down by 2.1% and trading at $0.4654 on Sunday. Support at $0.46 remains imperative to the resumption of the uptrend, otherwise, if lost investors may want to start adjusting extended losses testing $0.42 and $0.35, respectively. The San Francisco-based blockchain startup Ripple Labs released 1 billion XRP tokens worth around $470 million from its escrow account on May 12. Ripple has since 2017 been systematically distributing XRP from escrow to assure a stable supply.

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