XRP has experienced a significant selloff by a whale investor, causing speculation about the possibility of the cryptocurrency slipping below the $0.6 support level. The whale has dumped 99.85 million XRP since March 15, with 50.40 million XRP being sold on March 15 alone. This has caused concern among traders and investors, as the supply of XRP on exchanges continues to increase while the token’s price has already seen a 13.16% weekly drop. As of now, XRP is trading at $0.6024, showing a 12.85% decrease in the past 24 hours. Despite this bearish outlook, there has been a surge in XRP’s open interest and an increase in volume within the derivatives market, indicating new money entering the market and a potential trend reversal on the horizon.
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XRP Selloff: Whale Dumps 100 Mln Coins Amid Market Corrections, XRP To Slip Below $0.6?
