The third most valuable crypto, XRP was trading at $0.49773 at the time this report was drafted, down by 10.07% on the day.
Recent transactions made by unknown investors reveals them moving over 725 million XRP worth over $400 million.
Data seen by Nairametrics reveal that XRP traded at $0.61624 by 19:44 gaining 10.18% on the day.
XRP traded at $0.565884 and is down by 10.12% in the last 24 hours.
A large entity moved 119,999,980 XRP (75,551,782 USD) from an unknown wallet to Coinbase, a few hours ago.
SBI Holdings and FXcoin Ltd. have begun testing the use of Ripple's crypto XRP in settling credits and corporate debts.
Such a plunge dropped XRP's market capitalization to $27.8 billion, or 4.96% of the total crypto market capitalization.
Ripple, a few hours ago unlocked 1 billion XRP, worth about $662 million, from an escrow account.
Ripple XRP, has seen its price gain over 171% just in November alone ahead of a pending token airdrop.
Ripple CTO, David Schwartz disclosed that he owns between 1 million to 10 million XRP.