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XRP whale moves 30 million coins to exchange
An XRP whale recently transferred more than 30 million coins to a centralized exchange, although the price of XRP remained below $0.5 despite a slight increase. This transaction was noticed on Bitstamp, raising significant concerns about the currency’s future trajectory. The whale, known as Rzn, has a history of dumping large amounts into Bitstamp, leading to speculation about its connection to Ripple. Furthermore, market data suggests bearish trends, reduced investor interest and decreased derivatives volume. The current price of XRP struggles to surpass the $0.5 mark while market conditions indicate uncertainty as buyers and sellers compete for dominance.