Courtesy: Santiment<\/figcaption><\/figure>\n<\/p>\n
Along with the strong whale activity for XRP, the trading volumes for the cryptocurrency have also soared. With 4.46B of volume today, this is the highest level of trading we have seen in over 10 months.<\/p>\n
<\/p>\n
Santiment explains that it’s important to consider the context of these transactions. If large holders of cryptocurrencies, known as whales and sharks, are increasing their holdings during a price increase, it suggests that the upward movement may continue and bring positive outcomes. We update our supply distribution metrics every 24 hours, so we’ll find out tomorrow if these big traders have further increased their holdings.<\/p>\n
Also, Social dominance, which measures the amount of talk about an asset compared to other top assets, shows that XRP now accounts for 7.4% of all discussions. This is the highest level of discussion about XRP since January 2021. With so much attention and excitement from the crowd, there will likely be a period of reduced activity. However, when traders shift their focus elsewhere and stop paying attention, there’s a good chance that a second surge in activity will occur.<\/p>\nCourtesy: Santiment<\/figcaption><\/figure>\n<\/p>\n
<\/p>\n
\n
\n
\n
\n
\n<\/p>\n
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explores his culinary skills. <\/p>\n<\/p><\/div>\n
\n
\n
The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
It’s been a historic day for the XRP community and the broader crypto market after the Southern District Court of New York concluded that the programmatic sales of Ripple’s XRP and other distributions didn’t constitute the sale of investment contracts. The court ruling has been the major catalyst to send the XRP Price to the […]<\/p>\n","protected":false},"author":2,"featured_media":114453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-122222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=122222"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122222\/revisions"}],"predecessor-version":[{"id":122223,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122222\/revisions\/122223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/114453"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=122222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=122222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=122222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/14073846\/XRP-whale-Transactions.jpg\"){kind=spacer}
![\"\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/14074321\/XRP-social-Dominance.jpg\"\/)
![\"\"](\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/14074321\/XRP-social-Dominance.jpg\")
![\"\"](\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&d=mm&r=g\"\/)
![\"\"](\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&d=mm&r=g\")