The cryptocurrency market has been bearish for almost a month and seems to continue this trend.
In the last 24 hours, Ripple whales have been dumping significant amounts of XRP tokens on centralized exchanges such as Binance, Bitso, and Bitstamp. This large sell-off by major holders could indicate a continued bearish outlook for XRP in the short term.
The dumping activity was specifically noted on August 29, 2024, leading to concerns among investors about the immediate future of XRP.
