0
📰 News
2748 views

Ripple Transfers More Than $132 Mln Worth of XRP to Unknown Wallet

  • Alex Dovbnya
    📰 News

    Ripple might have started another aggressive selling spree despite Garlinghose’s claims that their sales are decreasing quarter over quarter

Ripple Transfers More Than $132 Mln Worth of XRP to Unknown Wallet
Cover image via www.123rf.com

According to data provided by Whale Alerts, the website that tracks massive transactions across a multitude of Blockchains, Ripple has recently moved more than $132 mln worth of XRP to an unknown wallet.

👉MUST READ

Trading Legend Peter Brandt Suggests That Ripple’s XRP Price Could Drop to $0.02

Trading Legend Peter Brandt Suggests That Ripple’s XRP Price Could Drop to $0.02

The gargantuan transfer gave a breeding ground to speculations that the San Francisco-based cryptocurrency juggernaut went on another selling spree. This could inflict more pressure on Ripple’s XRP, which is currently trading at $0.255 on the heels of another crypto market downturn.

Bloomberg recently pointed out that the token turned out to be one of the worst-performing cryptocurrencies in 2019 despite Bitcoin rallying by more than 200 percent. Furthermore, Multicoin Capital co-founder Kyle Samani pointed out that Ripple’s increasing XRP sales could be directly related to this disastrous price action.

Ripple CEO Brad Garlinghouse recently commented on his accusations, claiming that these sales are needed in order to expand the utility of XRP, but the crypto community doesn’t seem to buy it.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Recommended articles
0
📰 News
154 views

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

👉MUST READ

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings