XRP Dropped to $0.67 Following 140M Move by Ripple

The post XRP Dropped to $0.67 Following 140M Move by Ripple appeared first on Coinpedia Fintech News

The price of XRP dropped with a potential move from Ripple to sell millions worth of the crypto asset. After reaching a new high around $0.74 on March 12, XRP’s price met strong resistance, pushing it back to the $0.67 level. Whale alert took to X writing, 140M XRP transferred from Ripple to an unknown wallet. Some people from the XRP community view it as a move by Ripple to profit from XRP’s recent climb, as the company controls a large portion of the XRP supply and periodically sells XRP for its operational needs. It has bounced to $0.69 as of writing.