XRP Potential Dump? There Are 100 Million More XRP Coins Moving to Bitstamp

Bittime - More than 108 million XRP worth $64 million was moved to Bitstamp, sparking concern. The price prediction shows a potential decline in a few days.

There Are 100 Million More XRP Coins Moving to Bitstamp

These whales have moved more than 108 million XRP worth $64 million to Bitstamp in four consecutive trading days thanks to recent token transfers. 

Significant daily transfers at the same time raise concerns for investors and could impact the price of XRP.

XRP Price Prediction Analysis

Technical analysis experts state that XRP seems to be in a bearish trend and is likely to fall by 15% in the coming days. This expected price drop may be due to the ongoing resistance of the descending trend line.

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XRP Price Experiences a Decline

The price of XRP has fallen by more than 5% in the last 24 hours, and trading volume has also fallen by 6.5% in the same period. This decline in trading volume indicates that traders and investors are no longer participating in trading.

Conclusion

In recent days, a large movement of over 108 million XRP to Bitstamp has raised concerns among investors due to the potential for a significant drop in the price of XRP. 

As technical analysis shows, XRP is on a downward trend; as a result of the rejection of the descending trend line, the price is projected to fall by 15% in the coming days. 

The decline in price and trading volume in the last 24 hours indicates that investors' interest in XRP is starting to wane, which increases the possibility of a further dump in the near future.

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