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After a powerful rally, XRP’s positive aspects have come to a standstill because of a bearish flip. Moreover, main whale exercise has been famous amid the worth dip. Lately, an XRP whale offloaded practically $15 million price of XRP tokens to crypto change Bitstamp, which may very well be detrimental, contemplating the latest nosedive.

XRP Whale Activity: 25 Mln Tokens Offloaded

According to Whale Alert, an on-chain knowledge monitoring discussion board, over 25 million XRP tokens have been transferred to Bitstamp. The transaction registered a shift of 25.5 million XRP price $14.75 million to Bitstamp by way of an undisclosed pockets. It signifies an enormous selloff, which may push the XRP value additional into the pink.

This comes after one other vital XRP dump on Bitstamp. Earlier, 26.2 million XRP tokens price $15.16 million have been offloaded by an unidentified pockets to the Luxembourg-based crypto change. Moreover, a humongous Bitfinex whale transaction had despatched shockwaves by the XRP group.

As reported by Coingape earlier, apparently 25.6 billion XRP (price $14.85 billion) was transferred to Bitfinex, one other main crypto change, on Monday. The switch marked practically 50% of the crypto’s complete provide, which took the XRP group by storm.

Bitfinex CTO, Paolo Ardoino, weighed in on the matter and labeled it as a ‘Partial Payments Attack’, nevertheless, that wasn’t the case. Whale Alert then clarified that it was an faulty report. They took to X and acknowledged that there was a mistake in studying the Ripple node response.

Also Read: XRP News: XRP Whale Dumps 26 Mln Tokens Amid $15 Bln Bitfinex Saga

XRP Price Today

Last week, XRP rallied towards and leaped previous the $0.60 mark, nevertheless, the bullish run was short-lived. The XRP value fell beneath $0.58 in as we speak’s buying and selling session. At press time, the XRP value was down by 1.01% because it traded at $0.5743 on Tuesday, January 16.

Moreover, the crypto’s worth dipped beneath $0.57 earlier than rebounding again. The crypto presently holds a market cap of $31.16 billion, indicating a 1.07% decline. Whilst, the 24-hour commerce quantity dropped by 3.65% to $948.30 million.

The XRP value attained a excessive of $0.6223 on January 11, marking a major transfer for the crypto. However, the latest bearish downturn washed off these positive aspects because the 1-week returns now stand at 0.49%. Furthermore, the 1-month losses quantity to just about 7%, which has taken the XRP group aback.

Also Read: Bitfinex Thwarts $15 Billion Worth Attack on XRP Tokens on Platform

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