Ripple Transfers XRP to Binance worths 150M USD After 600M Coins Shuffle

[malekbaba]

Short term, it looks slightly bearish to neutral
Large XRP transfers to Binance usually raise selling pressure fears, so traders tend to step back. That’s why price reaction has been weak and momentum feels soft. However, it’s not a strong bear move. Support around current levels is holding, and there’s no panic selling yet. If follow-up selling appears, price could dip more. If not, it may just be a temporary shake before moving sideways again.

[asriloni]

It's nothing surprise to see XRP to once again sell their pre-mined coin. I've experienced when Chriss Larsen, former of their co founder sold so many XRP years ago. So this kind of event seems normal. I do agree the market may be a bit bearish in short time, but it won't give impact in long term as the demand for XRP is still considerably high.

There's nothing to feel worry about. XRP maximalist will always putting their money to acquire as many XRP as possible to save the Ripple company. 

[JeffBrad12]

It's not the first rodeo that's for sure. Ripple labs selling is not a new thing, some co founder also sold XRP routinely and some already have no XRP left.
If a person held XRP I expected them to know this, this is also the reason why I keep getting confused as to why there are infinite numbers of newbies buying XRP for no reason at all when co founders are selling their XRP.
Doesn't make me surprised because it's XRP. Not a secret anymore. But foundation selling is honestly to be expected anywhere else.

[passwordnow]

Expect that there will be more transfers like this that shall make people's thought to be in fear. We're about to get into the bear market and that's why every news and transfers will be there for people to see and decide to sell immediately.

There's nothing to feel worry about. XRP maximalist will always putting their money to acquire as many XRP as possible to save the Ripple company. 

Even if we tell people not to worry about such transfers. That's the whole point of what they're doing right now, if these transfers are pretty normal for Ripple and Binance, for speculators and other investors, this is a sign for them to be scared even if they shouldn't.

[asriloni]

There's nothing to feel worry about. XRP maximalist will always putting their money to acquire as many XRP as possible to save the Ripple company. 

Even if we tell people not to worry about such transfers. That's the whole point of what they're doing right now, if these transfers are pretty normal for Ripple and Binance, for speculators and other investors, this is a sign for them to be scared even if they shouldn't.

So i suggest you read this article.

https://www.bitget.com/wiki/how-many-xrp-have-been-sold

Ripple has been continuously dumping their own allocation since a few years ago. They have been sold 8.7 billion XRP in total (calculated early 2024. That's the reason this kind of event is just a common thing.

In fact, the price was just going up even after company sold nearly 9 billions of ripple and it has also price stability. You know what it means, right?