Ripple coin, according to crypto analysts, is going to dive and a massive coin dumping is expected. And the capitulation phase is on fire and still, no good news from the coin has been heard. The twitter account ‘Whale Alert’ revealed in a tweet that 50 million XRP tokens have been transferred from an unknown wallet to Bitstamp- a cryptocurrency exchange.

49,999,996 XRP to Bitstamp

As usual, Whale Alert censored the transactions made out by an unknown person and shared it with the crypto community. They reported on Nov.26 that a transaction has been made from an unknown wallet to cryptocurrency exchange Bitstamp. It is noted that almost 49,999,996 XRP of worth $11,033,148 comprised the transaction that happened on Ripple Network at 08:41:21 UTC.

The transaction done between these two wallet addresses as follows:

r38DNbMu9bzaGzo6iPBK7LTTDRfPx3byFd

rDsbeomae4FXwgQTJp9Rs64Qg9vDiTCdBv

The coin is going down and the downtrend is in power which leads to a capitulation in the markets. The traders and investors who are holding XRP assets are very much disappointed by the token movements. And more drastic situation is that crypto experts are passing negative sentiments about the XRP’s price over Twitter.

Some are even, saying that value will down even to ten cents and the technical analysis of the coin is not in a position to give a bullish signal. People are pressing to the edges to sell Ripple and buy Bitcoin.

Dump dump dump — Sam Richfield ✌🏻 (@SamRichfield) November 26, 2019

Swell is Approaching

The Swell conference is approaching and we have not seen any bullish move on the part of the token. Every year, the price went up due to the commencement of the Swell conference but this year, there is no significant change observed in the price value.

It is very interesting to note here that Company is making a lot of agreements with the giant companies and the banks across the world but value performed in the opposite way. And the payments are done across the borders processed in seconds but still, the coin is dumping.