Are Crypto Whales Riding the XRP Price Surge? – Crypto News – Crypto News
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Are Crypto Whales Riding the XRP Price Surge? – Crypto News

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XRP News: Ripple’s native crypto, XRP priceand its community has been riding high over the recent development in the crucial SEC Vs Ripple lawsuit, However, crypto whales have been on an XRP accumulation spree utilizing the “Buy The Dip” opportunity.

Whales move 200 mln XRP

As per the data provided by WhaleAlert, crypto whales have managed to move more than 200 million XRP tokens (approx worth $72.6 million) in the last 24 hours. However, XRP price has surged by around 5% in this period.

Crypto whale bought more than 77 million XRP tokens in multiple transactions. Around $27 million worth of Ripple’s native token was bought from Bitso, a crypto exchange in the last 24 hours. However, the largest accumulation transaction recorded has been of adding 44 million XRPs.

Meanwhile, some whales moved their XRP holdings to crypto exchange amid the recent price surge. As per the data, Crypto whales sent 80 million XRP tokens (approx worth $28 million) to Bitstamp. However, a wallet tagged as Ripple moved 50 million XRP (approx worth $17.4 million) to an unknown address. Read More XRP News Here…

XRP price has surged by more than 6% in the last 7 days. Ripple’s native crypto is trading at an average price of $0.3639, at the press time. However, its 24-hour trading volume saw a drop of 3% to stand at $1.1 billion.

Ashish believes in Decentralization and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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