XRPL Monitor had just discovered 212 million XRP transferred between cryptocurrency exchanges and anonymous wallets when the price of XRP dropped to $ 0.13. Meanwhile, at press time, Ripple’s shares are only worth $ 8,481,003,410, $ 10 billion lower than the $ 18,795,505,796 that XRP achieved on February 15.
212 million XRP were transferred when the price dropped further
XRPL Monitor continues to share data on the vast amount of XRP that has moved while the price of the third-largest coin continues to fall. The Twitter bot reported that in the past eight hours, about 212 million XRP was transferred. Stakeholders here are cryptocurrency exchanges like Coinbase Pro, Bithumb, and Coinone, including several wallets with unregistered owners. If calculated in dollars, this amount is equivalent to $ 29,807,200.
Transaction Type: Payment
Amount: 35,000,000 XRP
Fee: 10 drops (0.00001 XRP)
Sender: rs8ZPbYqgecRcDzQpJYAMhSxSi5htsjnza
Sender Balance: 323,837,243.990485
Receiver: Binance
Receiver Balance: 40,091,239.719397
Link: https://t.co/1yrfWE7sl4— XRPL Monitor (@XRPL_Monitor) March 16, 2020
Transaction Type: Payment
Amount: 51,000,000 XRP
Fee: 10 drops (0.00001 XRP)
Sender: bithumb
Sender Balance: 250,498,025.015901
Receiver: rMa2gKSPbDHanFefkaFabY9Ytk1U4a6hpZ
Receiver Balance: 106,538,060.996408
Link: https://t.co/wJI7QbinWS— XRPL Monitor (@XRPL_Monitor) March 16, 2020
Transaction Type: Payment
Amount: 23,301,907.222914 XRP
Fee: 10 drops (0.00001 XRP)
Sender: coinone
Sender Balance: 34,930,360.126845
Receiver: rhuCPEoLFYbpbwyhXioSumPKrnfCi3AXJZ
Receiver Balance: 81,504,173.62933
Link: https://t.co/tL5B3sivPH— XRPL Monitor (@XRPL_Monitor) March 16, 2020
Transaction Type: Payment
Amount: 12,000,000 XRP
Fee: 10 drops (0.00001 XRP)
Sender: rMa2gKSPbDHanFefkaFabY9Ytk1U4a6hpZ
Sender Balance: 55,538,059.996408
Receiver: rsdd66csGZkTzk42NDpJun7PNrGsC7WJHv
Receiver Balance: 14,592,285.452448
Link: https://t.co/T9zHSKSyZf— XRPL Monitor (@XRPL_Monitor) March 16, 2020
Meanwhile, TradingView shows the XRP price has dropped to $ 0.13. The above hefty transactions may indicate that traders are buying the dip.
Tanya Abrosimova, an analyst at FXStreet, said the prospect of XRP could be improved after it pushed above $ 0.15 – the middle line of the 1-hour Bollinger Band.
Bollinger Bands use two standard deviations to measure volatility and assess price action. Abrosimova is currently looking to see if cryptocurrency assets can handle resistance at $ 0.175.
“A sustainable move above this area will allow for an extended recovery towards SMA100 1-hour at $0.1930, which is followed by a stronger barrier created by psychological $0.2000.”
Ripple owns more than half of the existing XRP and created a margin program by the end of 2017 to manage its holdings. The company opens 1 billion XRP from margin each month, sells a relatively small portion, and pays the rest to the deposit.
Ripple provides advice on remote employee management
As Coronavirus is spreading globally, more and more companies are asking their employees to work from home. One of Ripple’s IT engineers, a remote team management expert, advised on how to best organize remote work for office workers.
Nik Bougalis, the cryptographer in charge of the C ++ team at Ripple and co-founder of Code Lab Laboratory, sent to Twitter to advise people struggling to manage their employees remotely.
I‘ve worked remotely for over 20 years and I’m currently leading a large, fully distributed team at @Ripple.
If you’re new to remote work—especially as a manager—and have questions, please ask! I’ll try my best to answer and share my insights to help you and your team.#COVID19
— Nik B. (@nbougalis) March 16, 2020
I think having access to voip is great, but text-based tools (Slack and evening IRC) are more helpful. They allow people to consume content when it’s convenient for them, at the rate that is convenient for them and they are not ephemeral, like voice communications usually are.
— Nik B. (@nbougalis) March 16, 2020
Nik is encouraging people to ask him questions and, from the outset, is giving some general advice, as well as recommending messaging apps that can ensure the best communication between remote teams.
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