8/4/2021 8:49:51 AM GMT
XRP has been trading within a tight range since July 29 w
ithout significant proceedings in the ongoing SEC case.
A high volume of XRP inflow to exchanges observed in the past two days suggests bearish outlook.
Meanwhile, Jed McCaleb, former CTO of Ripple, continues offloading a significant number of tokens.
XRP price chart is uneventful, mainly due to the indecisiveness in the SEC v. Ripple case. The overall altcoin market saw an extended rally, but traders have a bearish outlook on the sixth-largest cryptocurrency by market capitalization due to the stalled uptrend.
250 million XRP transferred to Bitstamp
Based on Whale Alert, 250 million XRP was transferred from an unknown wallet to Bitstamp on August 3, 2021, at 15:28 UTC. The transfer has sent warinign signals across the board since it could lead to a spike in selling pressure. Traders remain cautious given the increasing number of tokens now sitting on exchanges.
The most common types of Cryptocurrencies
texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
The most common types of Cryptocurrencies
sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
Stellar Lumens: What you need to know about the decentralized exchange platform
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.