The Currency analytics
By Evie Vavasseur
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…
The selling started February 24 when blockchain watchers spotted massive transfers hitting Binance and Kraken.
XRP's been beaten up lately. The SEC lawsuit that's dragged on since December 2020 keeps hanging over everything.
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…
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…
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.
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…
The exchanges involved aren't talking either. Binance and Kraken didn't respond to requests for comment about the unusual activity.
On March 1, Whale Alert caught something huge: one anonymous wallet moved 150 million XRP worth about $207 million straight to Binance.
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.
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…
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…
Glassnode reported something interesting February 28: active XRP addresses surged significantly.
Trading volume jumped too. CoinMarketCap shows 24-hour volume hit $1.8 billion March 2, up 20% from previous levels.
Ripple keeps pushing forward with business deals. March 1 brought news of a partnership with a major Asian financial institution for cross-border payments.