Massive XRP Sell-off: Whale Offloads 56.01 Million XRP

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An XRP whale, identified as …Rzn, has dumped 56.01 million XRP on exchanges in the last 24 hours, intensifying bearish sentiments. The transactions included nearly 30 million XRP to Bitso and 26 million XRP to Bitstamp. This added selling pressure has contributed to the current price decline of XRP. On-chain data, highlighted by Whale Alert, suggests concerns about the performance of XRP, which is the 7th largest cryptocurrency by market capitalization.