XRP, the cryptocurrency, is facing a significant downturn as its price has been declining. Despite this, there are reports of bullish leveraged positions by whales and a resurgence in investor confidence following a $120 million hack on Ripple Labs co-founder Chris Larsen's wallet. The hack involved the theft of $112 million of XRP from Larsen's personal accounts, with two compromised wallets connected to XRP's authorized wallet. The price of XRP grazed the $0.52 mark on February 8, indicating a potential recovery in investor sentiment.
XRP price grazed the $0.52 mark on Feb. 8 as investors regain confidence following negative sentiment that heralded the $120 million hack on Ripple Labs co-founder Chris Larsen’s wallet on Jan. 31 https://t.co/TjoM1qeHWv
UPDATE: After hackers stole $112M of XRP, Ripple's co-founder @chrislarsensf said it came from a "few" of his "personal XRP accounts" But a @hackenclub investigation found 2 of the compromised wallets were connected to "XRP’s authorized wallet" 🧐
XRP price is down for the month. So why are whales opening bullish leveraged positions? @noshitcoins investigates. https://t.co/DAJhw3lJzZ
The price shows weakness after breaking the +500day accumulation and returns to this range, how can you be bullish on $XRP ? I expect a minimum of 50% dump as long as it stays below 0.62s https://t.co/NfopqbWmNi
#XRP Is Nearing Its Generational Bottom Level Are You Buying It? https://t.co/3wCI9v7BoF