Whopping 370M XRP Dumped: Ripple Whales Cause a Stir!

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XRP News: Hold onto your hats, folks! Ripple whales have been causing quite a ruckus in the crypto market. These sneaky sea creatures have been offloading their XRP coins like there’s no tomorrow. According to the esteemed crypto analyst, Ali Martinez, a whopping 370 million coins were dumped in the last 96 hours! 🐳💸

XRP News: Whales Dump 370M Sparking Investor Concerns

In a shocking revelation, Ali Martinez shared some juicy details on February 26th. Apparently, Ripple whales sold 370 million coins in the last 4 days. And guess what? The coin’s price crashed by nearly 16% during this period. 📉

This dumping saga occurred amid a price drop from $2.5 to the $2.1 level. Market watchers are now on high alert, wondering if the token could drop to even lower depths due to the increased selling pressure from these whales. 🐳🚨

Why Has The 370M Selloff Become Hot XRP News?

This whale dumping saga has become quite the talk of the town among investors. Traders and investors are now eagerly anticipating a continued downtrend ahead. This bearish projection is attributed to the massive selling brought on by these whales and the broader market trends. 📉

Notably, the crypto market is currently facing extreme volatility triggered by macroeconomic heat and liquidity setbacks. With the new U.S. tariffs set to commence as soon as next week, global markets are taking a hit. 🌎💰

In turn, CoinGape reported that the crypto market recorded over $1 billion in liquidations recently. Ripple’s crypto’s recent price fall also aligns with these broader trends. 📉

Market Awaits SEC Lawsuit End

The recently boosted market sentiment for crypto is also waning amid declining buzz around the SEC lawsuit’s end. CoinGape recently reported that attorney James Murphey cited complexities within the XRP lawsuit, anticipating further delay before an endgame. As a result, the short-term buzz around the coin appears to be fading. ⚖️📜

How Is Ripple’s Crypto Delivering Now?

As of press time, Ripple’s native coin conversely witnessed a 4% increase, closing in at $2.29. The intraday bottom and peak were $2.08 and $2.36, respectively. Market watchers are scratching their heads as the token defies usual market sentiments in light of such massive selloffs. 😕

However, other key metrics signal that this pump may be short-lived. An XRP price analysis by CoinGape recently revealed that the coin’s burn rate has also witnessed a substantial decline. Stagnancy in the crypto’s supply reduction process amid an ongoing volatile trend has added to market concerns. 📉

Ali Martinez further spotlighted the coin’s price chart on X, revealing that a potential drop to $1.65 awaits. Notably, the analyst states that the coin has broken out of the lower line of an ascending parallel channel, solidifying market concerns as it signals more downside pressure ahead. Traders and investors are now cautiously approaching the market amid the occurrence of such bearish XRP news. 🐳📉

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2025-02-26 12:42