Altcoins News
By Evie Vavasseur
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XRP holders dumped big. Over the past week, they moved roughly 472 million XRP tokens worth around $650 million straight into major cryptocurrency exchanges, and that's got…
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The selling started February 24 when blockchain watchers spotted massive transfers hitting Binance and Kraken.
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XRP's been beaten up lately. The SEC lawsuit that's dragged on since December 2020 keeps hanging over everything.
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Trading data shows sell orders piling up as these transfers hit exchanges. More supply means downward pressure, and some analysts think XRP could see serious drops if this…
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But Ripple's tech still gets adopted worldwide for cross-border payments. The company keeps signing deals even as XRP's price gets hammered by legal uncertainty and whale…
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XRP bounced between $0.45 and $0.50 this week. Pretty volatile stuff, and it seems like every piece of news - good or bad - sends the price flying in some direction.
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Ripple hasn't said anything official about these massive transfers. The company usually stays quiet about market moves, focusing instead on their payment solutions and trying to…
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The exchanges involved aren't talking either. Binance and Kraken didn't respond to requests for comment about the unusual activity.
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On March 1, Whale Alert caught something huge: one anonymous wallet moved 150 million XRP worth about $207 million straight to Binance.
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The SEC case remains the biggest wild card here. Gary Gensler keeps pushing the line that most crypto tokens are securities, and XRP's right in the crosshairs.
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John Deaton, the lawyer representing XRP holders, warned investors to stay alert. "We're seeing increased volatility patterns that suggest major moves ahead," he said during a…
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Some big players still back Ripple's technology despite the chaos. SBI Holdings in Japan keeps supporting Ripple's cross-border payment solutions, calling them efficient compared…
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Glassnode reported something interesting February 28: active XRP addresses surged significantly.
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Trading volume jumped too. CoinMarketCap shows 24-hour volume hit $1.8 billion March 2, up 20% from previous levels.
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Ripple keeps pushing forward with business deals. March 1 brought news of a partnership with a major Asian financial institution for cross-border payments.
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