In a riveting turn of events, following a notable drop witnessed by XRP due to market corrections, the Ripple-backed token recently regained an upward momentum, piquing the interest of crypto market enthusiasts across the globe. Amid this considerable recovery showcased by the Ripple-backed token, massive selloffs by whales in the past 24 hours fueled investors’ speculation over a potential negative impact on the token’s price trajectory ahead.
However, the upsurge noted by XRP today primarily surfs the tide of a strong market uptrend, per on-chain data hovering over the crypto horizon. With a staggering 82.67 million XRP dump to exchanges failing to pull the prices to a slump, XRP curated optimistic waves across the cryptocurrency landscape today, April 5.
XRP Whales’ Selloff: A Deeper Dive
According to the data unveiled by Whale Alert, a blockchain tracker, three noteworthy selloff transactions surfaced within the market over the past day, collectively aiding in the offloading
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