The XRP cryptocurrency has been in the spotlight due to the ongoing XRP lawsuit and recent whale activity. Whales have dumped 55 million XRP onto two exchanges, causing a decline in the cryptocurrency's value. However, some speculate that the transfers were made for Ripple's ODL operations via Bitstamp. Despite this, XRP has remained in negative territory due to market uncertainties and has experienced an 8% slump over the past week. The transfers have sparked discussions and speculations in the crypto community.
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Whales Dump 55 Million XRP to Two Exchanges, Sparking Speculations Among Crypto Enthusiasts
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Why is XRP price up today?
Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
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