The post XRP Price Experiences Flash-Crash Amidst Altcoin Correction, Yet Whales Continue to Accumulate appeared first on Coinpedia Fintech News
In a tumultuous 24-hour period for the cryptocurrency market, XRP, the digital asset backed by Ripple, was not immune to a significant correction that impacted numerous altcoins and resulted in substantial liquidations across the board. According to data from Coinglass, over $103 million in long trades were liquidated in the crypto market within this timeframe.
XRP experienced a notable mini flash-crash, plummeting to a psychological support level of around 45 cents. However, it stabilized during the early Asian market on Tuesday, trading at approximately 49 cents. This comes amidst a bearish outlook that has permeated the crypto market, influenced by shifting economic geopolitics, particularly the conflict between Israel and Palestine.
Insight into XRP On-chain Activity:
#XRPLedger is seeing less whale activity this year compared to 2021 &a
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