{"id":10893,"date":"2025-02-02T06:01:43","date_gmt":"2025-02-02T06:01:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10893"},"modified":"2025-02-02T06:01:43","modified_gmt":"2025-02-02T06:01:43","slug":"why-did-ripples-xrp-price-tumble-by-8-daily","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10893","title":{"rendered":"Why Did Ripple\u2019s (XRP) Price Tumble by 8% Daily?"},"content":{"rendered":"<div>\n<p><strong>TL:DR;<\/strong><\/p>\n<ul>\n<li>The entire crypto market turned red on Sunday morning, but some altcoins were hit harder than others.<\/li>\n<li>XRP\u2019s price decline came just hours after a warning by a popular analyst that whales have started to sell off their holdings.<\/li>\n<\/ul>\n<figure id=\"attachment_381497\" aria-describedby=\"caption-attachment-381497\" style=\"width: 1835px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRPUSD-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-381497\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRPUSD-1.png\" alt=\"XRPUSD. Source: TradingView\" width=\"1835\" height=\"819\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRPUSD-1.png 1835w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRPUSD-1-300x134.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRPUSD-1-1024x457.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRPUSD-1-768x343.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRPUSD-1-1536x686.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRPUSD-1-50x22.png 50w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"><\/a><figcaption id=\"caption-attachment-381497\" class=\"wp-caption-text\">XRPUSD. Source: TradingView<\/figcaption><\/figure>\n<p>The third-largest cryptocurrency failed to go into uncharted territory a few weeks back, and it was <a href=\"https:\/\/cryptopotato.com\/ripple-missed-new-ath-by-just-1-can-xrp-break-through-today\/\" data-wpel-link=\"internal\">stopped 1% away<\/a> from its 2018 all-time high of $3.4 (CoinGecko data). Since then, the asset has failed to resume its rally and actually slipped to $2.8 during the Monday correction.<\/p>\n<p>Nevertheless, it turned the tables during the business week by reclaiming the coveted $3 line. Moreover, it jumped to a weekly high of $3.15 on Friday, but its progress was halted at that point.<\/p>\n<p>It started to lose value gradually over the weekend but slumped hard in the past 12 hours or so <a href=\"https:\/\/cryptopotato.com\/mass-liquidation-250000-traders-hit-as-bitcoin-falls-below-100k\/\" data-wpel-link=\"internal\">alongside bitcoin and the rest of the alts<\/a>. Its price fell to a 6-day low of $2.82, thus dropping by more than 8% on a daily scale from top to bottom.<\/p>\n<p>Despite recovering some ground to almost $2.9 now, XRP is still over 5% down on the day. This correction for the cross-border token comes not only with the rest of the market but also following a strategy reversal by whales.<\/p>\n<p>These large market participants were among the biggest propellers of XRP\u2019s surge since the elections by <a href=\"https:\/\/cryptopotato.com\/how-will-ripple-xrp-and-dogecoin-doge-prices-react-as-whales-keep-buying\/\" data-wpel-link=\"internal\">accumulating billions of dollars<\/a> worth of the asset within months. Now, though, Ali Martinez showed that they have changed their tune and actually offloaded $70 million worth of XRP within a few days.<\/p>\n<p>Whales are particularly important to the overall market movements as they have the ability to move it with their large purchases or sell-offs.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Whales have offloaded over 70 million <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$XRP<\/a> in the past 96 hours! <a href=\"https:\/\/t.co\/qEe56f4Ujt\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/qEe56f4Ujt<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1885664143698489470?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 1, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/why-did-ripples-xrp-price-tumble-by-8-daily\/\" rel=\"nofollow\">Why Did Ripple\u2019s (XRP) Price Tumble by 8% Daily?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL:DR; The entire crypto market turned red on Sunday morning, but some altcoins were hit harder than others. XRP\u2019s price decline came just hours after a warning by a popular analyst that whales have started to sell off their holdings. XRPUSD. Source: TradingView The third-largest cryptocurrency failed to go into uncharted territory a few weeks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10893","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10893"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10893\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}