{"id":37198,"date":"2024-01-29T10:54:23","date_gmt":"2024-01-29T10:54:23","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/01\/29\/whale-dumps-27-mln-tokens-will-xrp-price-drop-below-0-50\/"},"modified":"2024-01-29T10:54:24","modified_gmt":"2024-01-29T10:54:24","slug":"whale-dumps-27-mln-tokens-will-xrp-price-drop-below-0-50","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/01\/29\/whale-dumps-27-mln-tokens-will-xrp-price-drop-below-0-50\/","title":{"rendered":"Whale Dumps 27 Mln Tokens, Will XRP Price Drop Below $0.50?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>XRP, the native cryptocurrency of <a href=\"https:\/\/coingape.com\/ripple-cto-exposes-new-opensea-scam-targeting-nft-bidders\/\" target=\"_blank\" rel=\"noopener\">Ripple<\/a>, has once more fallen under the $0.53 mark after excessive volatility hit the crypto market recently. Amid the bearish flip, a large whale dump has been recorded for XRP. In addition, crypto analysts anticipate an extra droop in XRP value that would doubtlessly push it decrease than $0.50.<\/p>\n<h2>Will XRP Fall Below $0.50?<\/h2>\n<p>According to knowledge from Whale Alert, a blockchain monitoring platform, a major sell-off has been reported for Ripple\u2019s XRP. In one of many newest transactions, over 27 million XRP tokens have been dumped by a whale amid the latest value drop.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>The dealer transferred $27.7 million XRP tokens to Bitstamp, a Luxembourg-based crypto buying and selling platform. The transaction was price $14.48 million. Moreover, it\u2019s vital to notice that the majority of XRP whale offloading befell through <a href=\"https:\/\/coingape.com\/xrp-whale-makes-waves-with-15-mln-bitstamp-dump-price-sinks-below-0-58\/\" target=\"_blank\" rel=\"noopener\">Bitstamp<\/a> in latest occasions.<\/p>\n<p>On the opposite hand, XRP Captain, a supporter of XRP, supplied an evaluation of the longer term efficiency of the Ripple-backed XRP. Recently, XRP Captain took to X and revealed that the XRP value is slated to plunge under $0.50 quickly. This suggests a decline of over 5% from the present value development.<\/p>\n<figure style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" alt=\"XRP news | XRP Price\" width=\"800\" height=\"858\" src=\"https:\/\/pbs.twimg.com\/media\/GE7eZaBa4AAx83F?format=jpg&amp;name=large\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GE7eZaBa4AAx83F?format=jpg&amp;name=large\" alt=\"XRP news | XRP Price\" width=\"800\" height=\"858\"\/><\/noscript><figcaption class=\"wp-caption-text\"><em>Source: XRP Captain | X<\/em><\/figcaption><\/figure>\n<p>However, they famous that XRP is poised to register a Falling Wedge breakout after the large drop. This implies {that a} bullish rally is imminent regardless of the latest value crash. The chart hooked up alongside the evaluation signifies an XRP value surge past $0.64, suggesting a 21% enhance from the latest value vary of round $0.52.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><strong>Also Read: <a href=\"https:\/\/coingape.com\/spot-xrp-etf-ripple-actively-hiring-executives-to-prepare-for-filing\/\" target=\"_blank\" rel=\"noopener\">Spot XRP ETF: Ripple Actively Hiring Executives To Prepare For Filing?<\/a><\/strong><\/p>\n<h2>XRP Price Plunges Below $0.53<\/h2>\n<p>Ripple\u2019s XRP witnessed a drop of $1.09% in worth to $0.5262 at press time on Monday, January 29, 2024. Whilst, the crypto held a market cap of $28.58 billion, down 1.17%. On the opposite, the buying and selling quantity for XRP soared by 31.67% to $588.47 million.<\/p>\n<p>Earlier right now, the <a href=\"https:\/\/coingape.com\/price\/xrp\/\" target=\"_blank\" rel=\"noopener\">XRP price<\/a> surged to a excessive of $0.533 earlier than slumping decrease than $0.53. In addition, the Ripple-backed crypto attained a low of $0.5217 in the course of the bearish flip. Furthermore, XRP is buying and selling 86.30% under the all-time excessive of $3.84 recorded in January 2018.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Moreover, the <a rel=\"nofollow noopener\" href=\"https:\/\/in.tradingview.com\/symbols\/XRPUSD\/technicals\/\" target=\"_blank\">TradingView<\/a> transferring averages indicator suggests a \u2018Strong Sell\u2019 sign for XRP. Currently, the XRP value is buying and selling considerably decrease than its 50-day and 200-day EMA of 0.57326 and 0.56730, respectively. This suggests a inflexible bearish development for XRP each within the quick and long run.<\/p>\n<p><strong>Also Read: (*27*)<\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/xrp-news-whale-offloads-27-mln-tokens-will-xrp-price-drop-below-0-50\/\" target=\"_blank\" style=\"display: block\" rel=\"noopener\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/xrp-news-whale-offloads-27-mln-tokens-will-xrp-price-drop-below-0-50\/\" target=\"_blank\" rel=\"noopener\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here&rsquo;s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA177111\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>CoinGape contains an skilled crew of native content material writers and editors working around the clock to cowl information globally and current information as a reality reasonably than an opinion. 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The writer or the publication doesn&#8217;t maintain any accountability on your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a href=\"https:\/\/coingape.com\/web-stories\/february-2024-price-battle-shib-vs-doge\/?utm_source=post&utm_medium=web-story\" target=\"_blank\" rel=\"noopener\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" class=\"attachment-post-thumbnail 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srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/cropped-Bernard_Arnault_3_-_2017_cropped-1.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/cropped-Bernard_Arnault_3_-_2017_cropped-1-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/cropped-Bernard_Arnault_3_-_2017_cropped-1-150x200.jpg 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/cropped-Bernard_Arnault_3_-_2017_cropped-1.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/cropped-Bernard_Arnault_3_-_2017_cropped-1.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Bernard_Arnault_(3)_-_2017_(cropped) (1)\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/cropped-Bernard_Arnault_3_-_2017_cropped-1.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/cropped-Bernard_Arnault_3_-_2017_cropped-1-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/cropped-Bernard_Arnault_3_-_2017_cropped-1-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Bernard Arnault Beats Elon Musk: World&#8217;s New Richest <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/xrp-news-whale-offloads-27-mln-tokens-will-xrp-price-drop-below-0-50\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] XRP, the native cryptocurrency of Ripple, has once more fallen under the $0.53 mark after excessive volatility hit the crypto market recently. Amid the bearish flip, a large whale dump has been recorded for XRP. In addition, crypto analysts anticipate an extra droop in XRP value that would doubtlessly push it decrease than $0.50. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[552,1573,95,110,345,237,757],"class_list":["post-37198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-drop","tag-dumps","tag-mln","tag-price","tag-tokens","tag-whale","tag-xrp","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/37198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=37198"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/37198\/revisions"}],"predecessor-version":[{"id":37199,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/37198\/revisions\/37199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/36814"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=37198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=37198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=37198"}],"curi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