90 Million XRP Coins Transferred from an Unknown Wallet to Bitstamp

The recent increase in Whale XRP transactions has affected its price. Over the past 7 days, the digital asset is down just 1%, while Bitcoin is down over 8%.

Cryptocurrency Markets

The cryptocurrency market saw a sharp decline in December between 2021 and January 2022. After reaching an all-time high market valuation of approximately $3 trillion in November 2021, the overall value of digital assets fell by nearly 50% in the following months. After a modest recovery in the first two weeks of April 2022, cryptocurrency market capitalization fell by about $100 billion over the weekend.

"Bitcoin and ethereum both fell 7% in the last week as we continue to look for signs of an impending rally." There are some symptoms of capitulation, such as traders selling at a loss. The crypto-analytics platform Santiment predicts that "the behavior of the whales this week will be crucial."

Ripple announced its plans to accelerate XRPL development in March 2022.