XRP saw a surge in price over the weekend, reaching above $0.54, but the euphoria was short-lived as the altcoin saw a drawdown that brought it back to the $0.50 level. The decline was likely due to a large whale transferring 28.5 million XRP tokens to the Bitstamp crypto exchange, worth over $14.7 million. This was not the only whale transaction this week, as another 28.5 million XRP tokens were transferred to Bitstamp on Sunday, shortly after Ripple had begun its scheduled unlock of 1 billion tokens. At the time of writing, XRP is still nursing losses of 2.33% in the last day, but has seen small gains of 1.94% over the past week.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	None
Companies	Bitstamp, CoinMarketCap, Whale Alert, Ripple
Currencies	US Dollar, Ethereum, XRP, Bitcoin, bitstamp
Securities	None