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XRP price pumps and dumps amid mysterious $51M whale transfers — What's next?

Published 08/26/2022, 10:47 AM
Updated 08/26/2022, 12:20 PM
XRP price pumps and dumps amid mysterious $51M whale transfers — What's next?
XRP/USD
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XRP price saw a major spike on Aug. 26, hinting at a possible effect from some big traders.

Notably, XRP's price jumped 6% to $0.37, a two-week high, during the early London hours. The token's upside move occurred hours after its network processed three massive transfers worth $51 million involving crypto exchanges Bitso and FTX, as highlighted by Whale Alert.

XRP/USD hourly price chart. Source: TradingView
XRP/USD four-hour price chart. Source: TradingView

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