$XRP
XRP Price Drops to $0.47! prompting price volatility. š„š„
š³š³Amid Massive 52M Coin Whale Dump on Exchanges
include a significant price drop and heightened selling pressure.
Market Sentiment and Price Impactš
Market Sentiment and Price Impactš²š²
Market participants noted increased selling pressure correlated with the whale dump. The cascade effect was immediately visible, with XRPās price sliding to $0.47. These movements have stirred bearish sentiment, contrasting the broader market uptrend seen with other major cryptocurrencies.
XRPās Price and Market Analysis š
According to Coinglass data, while the Futures Open Interest (OI) rose by 1.96% to $586.25 million, the derivatives volume slumped by 48.82% to $578.55 million. This mix of dynamics reflects uncertain sentiment, prompting price volatility.
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