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XRP Price Fixes Below $0.22 While 25 Mln XRP Sent from Binance to CoinBase

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  • Yuri Molchan
    📰 News

    The XRP price slides further below $0.22 than yesterday, meanwhile Whale Alert spots another large XRP transaction and the community is again speaking of a dump

XRP Price Fixes Below $0.22 While 25 Mln XRP Sent from Binance to CoinBase
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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On Tuesday, the XRP price slid below the $0.22 level where it had been holding for a long while. At the time of writing, the third largest coin is trading at $0.2149, instead of sitting at $0.219 yesterday.

XRP price CMC
Image via CoinMarketCap

Earlier today, the Whale Alert Twitter page published data about a 25-mln XRP transferred. Just like on December 1, when 1 bln XRP was released from Ripple's escrow vault, the community is again talking of an upcoming price dump, since more coins are obviously about to be injected to the market.

XRP - from Binance to Coinbase

Whale Alert reports that 25 mln XRP (that’s $5,365,381) has been sent from Binance to Coinbase earlier today.

Every month, Ripple, which has 55 percent of the total XRP supply in control, unlocks 1 bln coins. Many believe that it is preventing the XRP price from surging. On December 1, one bln XRP was unlocked again and the community went mad, accusing Ripple and its co-founder Jed McCaleb – now also the founder of Stellar Lumens –since he regularly receives enormous XRP payments from Ripple.

This time, however, the 25 mln XRP transfer was made from Binance to Coinbase. Even though, one Twitter user commented that the sender may be using Coinbase for its custodial services, the majority of users believe that the XRP price will be forced to plunge soon.

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Crypto influencer accuses Ripple

Recently, U.Today reported that a crypto influencer @Crypto_bitlord accused Ripple of using XRP for purchasing real life business. As an example he referred to MoneyGram, saying that now after the recent investment Ripple owns a 10-percent stake at this global remittance giant.

Previously, when standing up to these accusations on Twitter, the CEO Brad Garlinghlouse told the community that these XRP sales are used for improving the Ripple ecosystem.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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  • Alex Dovbnya
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    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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