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Ripple’s native token, XRP, has been making waves in the cryptocurrency realm with its impressive upside momentum. Amid this remarkable price surge, recent activity by whales and investors has raised concerns about a potential sell-off.
80 Million XRP Moves to Binance
The price of XRP has shown consistent growth over the past week, with a significant 45% surge. During this period, some whales and investors have dumped their holdings on Binance, the world’s largest cryptocurrency exchange.
According to the on-chain analytics firm CryptoQuant, Binance’s XRP reserve increased by 80 million over the span of seven days, indicating a potential sell-off and raising concerns about a price decline. Despite this substantial dump of tokens onto the exchange, the XRP price remained neutral and showed consistent growth.
Source: CryptoQuant
Current Price Momentum
Currently,
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