Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Next XRP ‘Monster Leg’ Will Start No Earlier Than 2026: Analyst

September 18, 2025

NEAR protocol price surges as AI Tokens jump on Nvidia’s $5 Billion intel bet

September 18, 2025

Water150 Unveils Historical Satra Brunn Well; The Original Source of 150 Years of Premium Quality Spring Water Hydration

September 18, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Ripple Whale Dumps 40 million XRP, Price Crash Imminent?

0
By on September 11, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post Ripple Whale Dumps 40 million XRP, Price Crash Imminent? appeared first on Coinpedia Fintech News

Ripple’s native token XRP, is posed for a price decline as whales dump millions of XRP tokens while the price retests the breakdown level of $0.545. On September 12, 2024, the transaction tracker Whale Alert made a post on X (Previously Twitter) that Ripple whales have offloaded 39.32 million XRP tokens, worth $21.13 million to Bitstamp.

20,500,000 #XRP (11,022,121 USD) transferred from unknown wallet to #Bitstamphttps://t.co/tuws7MuVn6

— Whale Alert (@whale_alert) September 10, 2024

Ripple Whales Recent Action

This XRP dump by whales has made the overall sentiment more bearish, as it occurred when the price retested its breakdown level of $0.545.

18,820,000 #XRP (10,113,389 USD) transferred from unknown wallet to #Bitstamphttps://t.co/PU3HZhlaFG

— Whale Alert (@whale_alert) September 11, 2024

At press time, XRP is trading near $0.535 and has experienced a price drop of over 1.12% in the last 24 hours. Meanwhile, its trading volume has increased by 25% during the same period, indicating higher participation from traders despite the price decline.

XRP Price Prediction 

Expert technical analysis warns that XRP appears bearish, as it is trading below the 200 Exponential Moving Average (EMA) on a daily time frame. Currently, it is receiving decent support at the $0.531 level. If XRP fails to hold this support level, there is a high possibility it could plunge by 10% to the $0.475 level.

Source: Trading View

Additionally, XRP’s Relative Strength Index (RSI) is in oversold territory and is flashing a potential price reversal. 

Major Liquidation Levels

As of now, the major liquidation areas are near the $0.521 level on the lower side and $0.543 on the upper side, as traders are over-leveraged at these levels, according to Coinglass.

Source: CoinGlass

If the sentiment remains bearish and the XRP price falls to the $0.521 level, nearly $11.04 million worth of long positions will be liquidated. Conversely, if the sentiment shifts and the price rises to the $0.543, approximately $7.07 million worth of short positions will be liquidated.

Coinglass’s XRP Long/Short ratio data shows that, in the past four hours, 53.64% of top XRP traders have taken short positions, while 46.36% have taken long positions.

Combining all these data, it appears that bears are controlling the asset and have the potential to increase selling pressure.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Next XRP ‘Monster Leg’ Will Start No Earlier Than 2026: Analyst

September 18, 2025

Water150 Unveils Historical Satra Brunn Well; The Original Source of 150 Years of Premium Quality Spring Water Hydration

September 18, 2025

End of the Road for Dogecoin (DOGE) and Shiba Inu (SHIB): All Eyes in 2025 Are on This Meme Coin’s Race to the Top

September 18, 2025
Leave A Reply Cancel Reply

What's New Here!

Next XRP ‘Monster Leg’ Will Start No Earlier Than 2026: Analyst

September 18, 2025

NEAR protocol price surges as AI Tokens jump on Nvidia’s $5 Billion intel bet

September 18, 2025

Water150 Unveils Historical Satra Brunn Well; The Original Source of 150 Years of Premium Quality Spring Water Hydration

September 18, 2025

End of the Road for Dogecoin (DOGE) and Shiba Inu (SHIB): All Eyes in 2025 Are on This Meme Coin’s Race to the Top

September 18, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.