XRP, a prominent cryptocurrency backed by Ripple Labs, birthed a hurricane of speculations across the broader crypto market on Monday, following a significant whale transaction and Ripple’s shifting of colossal amounts of XRP jotted within the global crypto realm. Blockchain metrics unveiled by the tracker Whale Alert illustrated a staggering 207.3 million XRP on the go, piqued the eyes of crypto market traders and investors worldwide. Among these transfers, Ripple appears to be a part of the lion’s share in the total amount shifted today, whereas an XRP whale also shifted noteworthy amounts of the token to a CEX.
Meanwhile, a renowned crypto market analyst further shed light on the Ripple-backed token’s current market dynamics. Notably, XRP traded primarily in the red as of press time, aligning with the whale’s selloff to a CEX, as mentioned above.
A Closer Look Into Today’s XRP Transactions
According to the data revealed by Whale Alert, three substantial transactions collec
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