A significant 29,532,534 XRP transfer has made headlines in the cryptocurrency market, raising eyebrows and fueling concern over potential price movements. The transaction, valued at approximately $68.36 million, was made by an anonymous whale and sent to the popular Coinbase exchange, one of the top platforms for cryptocurrency trading.

The cryptocurrency market continues to display volatile behavior as XRP, Dogecoin (DOGE), and Ethereum (ETH) struggle to maintain their bullish momentum amid current downturns. As some coins, like XRP, show signs of weakness, others like Ethereum remain stuck in a downward trend.

XRP's price plummeted by 43%, wiping out weeks worth of gains. Just the most recent daily candle has created a vicious knife that is 30% downward, indicating extreme volatility and panic selling.

It's been a wild roller coaster for the crypto market over the past 48 hours. On Sunday, values dropped in a short period of time as investors realized U.S. tariffs on goods imported from Canada, Mexico, and China would hit as early as Tuesday.

Cryptocurrency markets are trading higher on Monday despite record volatility seeing Bitcoin swing $10,000 per coin in nominal value over 24 hours. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $102,020.83 +4% Ethereum (CRYPTO: ETH) $2,737.78 -7.5% Solana (CRYPTO: SOL) $212.78 +4.3% XRP (CRYPTO: XRP) $2.68 -0.03% Dogecoin (CRYPTO: DOGE) $0.279 +1.2% Shiba Inu (CRYPTO: SHIB) $0.00001615 +1.7% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 26.6% and daily active addresses down by 0.4%.

Surprisingly, the OBV did not form new lows compared to mid-January, instead hovering just above those higher lows.

The crypto market just pulled off a dramatic reversal, with Bitcoin rebounding from $91,252 to $101,549 as of writing in hours. Every time BTC dips to this level, buyers aggressively defend it, making it a strong demand zone.

After a sharp decline across the crypto market, all eyes are on XRP due to its impressive recovery in the last few hours.

Crypto analyst CasiTrades has revealed what could come next for the XRP price following its rebound above the crucial $2.60 level. XRP is one of the top cryptocurrencies that has achieved a major bounce following the pause of tariffs imposed by the US on Mexico and vice versa.

Bitcoin and select altcoins bounced back sharply, indicating solid purchasing demand at lower levels.

San Francisco-based blockchain company Ripple has minted an additional million of RLUSD tokens, according to the latest data provided by the @RL_Tracker account.

XRP, once on the verge of reaching a new all-time high, has recently charted a two-month low. This shift comes amid widespread bearish market conditions, leading to massive liquidations among XRP holders.

According to Claudia Sheinbaum and Donald Trump, tariffs between the US and Mexico are paused for one month. This has already triggered a rebound for the crypto market, particularly XRP.

"I sold my house and I'm gonna buy the dip," one popular X user stated.

The violent crypto dip in the early Monday morning hours has done little to rattle optimism in the industry, which remains focused on the long-term potential of the technology rather than short-term price fluctuations. What Happened: Speaking with Benzinga at the Digital Asset Summit in London, several speakers and attendees appeared relatively unfazed by what had unfolded earlier in the day.

XRP has witnessed a massive price crash, significantly underperforming the general cryptocurrency market, which remains volatile following the rollout of tariffs by the Donald Trump White House.

President Trump said Monday that planned tariffs against Mexico will be delayed, reversing the slide of Bitcoin and other major coins.

Crypto whales have dumped large assets as corrections bite harder following macro shake-ups. Bitcoin (BTC) and altcoins, including Ethereum (ETH) and XRP, have faced massive sell pressure, dropping below bull's resistance levels.

The cryptocurrency market has displayed a strong bearish action overnight. Reportedly, the crypto space has lost over 8% in valuation in 24 hours. Moreover, the Bitcoin price plunged below $95,000, whereas Ethereum and Ripple tokens broke their important support trendlines.

Agreeing to some of Trump's terms, Mexican President Claudia Sheinbaum said the U.S. will be pausing tariffs on her country for one month.

The last 24 hours on the crypto market have been anything but pleasant, prosperous, rational and lucrative. With $2.2 billion worth of liquidations in perpetual futures alone, and a total of at least $8 billion liquidated, according to ByBit's CEO, almost every digital asset took a hit in its price.

Although the recent positive regulatory developments for Ripple have reinforced investors' bullish conviction in XRP, a popular analyst is suggesting that the dream of the altcoin reaching as high as $10,000 is overly optimistic.

The crypto market corrections caused the XRP price to plunge hard from a high of around $3.12 to a low below $1.8. With this, the token lost over $10 billion in its market capitalization, further flushing out of the top 3 cryptos as Tether reclaims its position.

Solana & XRP ETF excitement is growing, but another undervalued ERC-20 token could outshine them all. Discover why investors are spotlighting this promising token.

Here's the thing about crypto – it is never boring. Last week, digital asset investment products pulled in 527 million inflows, but it was not all that smooth.

Investor confidence was shaken by XRP's sharp 40% drop, but on-chain data indicates that big holders are unconcerned. The fact that XRP's payment volume, number of active accounts and burned fees are all comparatively stable despite the steep sell-off suggests that whales might not be in haste to sell.

Charles Hoskinson, the founder of Cardano (ADA), recently shared details on the possibility of implementing a RLUSD and his discussions with key figures in the crypto space. Hoskinson revealed that negotiations are still ongoing and that progress could be made in March, following the completion of the NYDFS project.

Standard Chartered‘s Head of Digital Assets Research Geoffrey Kendrick on Monday advised against buying the dip in cryptocurrencies until outright back-end U.S. Treasury yields come lower. What Happened: In a note to Benzinga, Kendrick stated that the current sell-off differs significantly from the previous one.

The news of Trump's Tariff war and Ripple's 400 million XRP unlock, valued at around $1.136 billion has instantly shaken the market, sending XRP's price plummeting by over 24.6% in just 24 hours. XRP has dropped over 15% amid the recent crypto market crash, with a top expert predicting a further drop to $1.90.

The market has started with the dump of most of the coins, according to CoinMarketCap.

The meteoric rise of XRP price during the fourth quarter of 2024 has significantly reduced year-to-date as the Donald Trump-induced crypto rally cools down.

The crypto market has been pummeled as Donald Trump's tariffs shock the markets, sending an array of assets spiraling. Bitcoin (BTC) is down nearly 7% over the past 24 hours after struggling to stay above $100,000.

The combined crypto market cap dropped by 7.355 in the past 24 hours to $3.13 trillion, with Bitcoin (BTC), Ethereum (ETH) and XRP in the spotlight. With XRP down by over 17.7% in 24 hours, there are lingering signs of a sell-off by the coin's holders.

The crypto market is experiencing significant instability, and XRP is bearing the brunt of it. Indeed, the asset linked to Ripple has plunged by 25%, reaching an unprecedented low in several weeks.

The cryptocurrency market is experiencing a tough period, with many digital assets facing significant price declines. XRP is one of the hardest-hit tokens, showing a sharp drop of over 20% in just the last 24 hours.

Crypto exchange-traded products (ETPs) recorded a fourth straight week of inflows, bringing in $527 million last week, according to CoinShares‘ latest report. James Butterfill, the head of research at CoinShares, said that market sentiment fluctuated significantly throughout the week, shaped by broader economic concerns.

XRP price has been on the investors' radar lately amid the ongoing crypto market crash. However, a top market expert has revealed key levels for Ripple's native crypto, predicting a potential crash to below $2.

Federal Reserve chair Jerome Powell has flung the door open for Wall Street to further adopt bitcoin and crypto

In a post on X , attorney Jeremy Hogan from Hogan & Hogan P.A.—well-known within the XRP community for his legal insights on the ongoing Ripple vs.

Buying the dip after a massive liquidation flush and higher demand for stablecoin could fuel growth in bitcoin and the broader crypto market, some say.

Ripple's recent token release from escrow has sparked a significant market reaction, with XRP's price falling sharply by 24.6% in the past 24 hours. On February 1, Ripple unlocked 400 million XRP tokens, valued at about $1.136 billion, which caused a notable downturn in the cryptocurrency's value.

XRP experienced a 22% price drop to $2.23 despite analyst predictions of potential growth to $70, with market data showing mixed signals across trading metrics.

XRP rebounds 35% after Trump's tariff-induced crypto crash, mirroring past capitulation events that led to 1,000% rallies.

XRP's price has plunged 24.6% in a day, sparking fears of a total collapse.

XRP (XRP -22.84%) is the native cryptocurrency on the XRP Ledger, a blockchain built by technology company Ripple to enable faster and cheaper cross-border transactions. XRP soared about 500% in the past year, but its price has also declined 15% during the last two weeks, such that the cryptocurrency currently trades at $2.88 as of Feb. 1.

XForceGlobal Analyst Anticipates Ripple Price Breakout Amid Whale Interest in Binance and Elluminex

The collapse, however, was followed by a rebound, and it did not affect the bulk of the gains at the end of 2024.