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This news has been a mixed bag for Ripple investors, as the price dropped 5% as a result of two massive transactions. The transactions saw an anonymous wallet send large sums of XRP to two major crypto exchanges, likely to be sold at a loss. However, the purpose of the transfer may also be to add fiat to Ripple’s balance sheet, in order to support the liquidity of Ripple Payments.
#Ripple #XRP #PriceCorrection #OnDemandLiquidity
You can read more about this topic here: Watcher Guru: Ripple: 52 Million XRP On The Move as Price Falls
