212 Million XRP Moved As Ripple’s Exec Tweets About Covid-19

212 million XRP coins were detected in motion between crypto exchanges and wallets as the price of the coin drops to $0.13 during the coronavirus pandemic. As the panic is spreading across the globe, more people and companies are working from home. One such chief IT engineer at Ripple offered advice on twitter on how to best organize the remote work for the office staff as we are about to read further in the Ripple XRP price news today.

In the meantime, the XRPL monitor detected 212 million XRP transferred and continues to share the data on the amounts of XRP moves while the price of the altcoin continues to fall. The Twitter bot reported that over these past eight hours, more than 212 million XRP was moved and the involved parties are major crypto exchanges such as Coinbase Pro, Coinone, Bithumb and other wallets with unregistered owners. Translated in USD, the amount reaches $29,807,200.

Nik Bougalis, the C++ cryptographer at the Ripple team and the Code Laboratories co-founder, took it to Twitter and offered advice for everyone who is having a hard time managing their staff remotely. Nik wants to encourage all people and is offering general advice as well as providing recommendations and messaging apps that can simplify communication among the remote teams.

Against BTC, Ripple saw a lot of negative price action over the past weeks but its price had maintained to stay above the 2580 SAT level, which is marked blue on the daily chart. This area has become controversial support for the past few months. After retracing back to the channel and around the mentioned support, XRP bounced back and showed strength towards the 3000 SAT resistance but quickly got rejected to the 2844 SAT level at the time of writing. Can Ripple regain this strength – and can it go above 3000?

Also, we can see in the XRP price news that XRP is facing a couple of key hurdles near $0.1620 and $0.1650 against the US dollar. Ever since it crumbled towards the $0.1150 area, the Ripple price is eyeing a new break and started an upside correction. It managed to recover and go above the $0.1250 and $0.1400 resistance levels in order to start a decent recovery.