{"id":175749,"date":"2023-10-17T15:24:34","date_gmt":"2023-10-17T09:54:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175749"},"modified":"2023-10-17T15:24:34","modified_gmt":"2023-10-17T09:54:34","slug":"whale-buys-410-m-xrp-worth-over-200-mln-price-to-rally-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/whale-buys-410-m-xrp-worth-over-200-mln-price-to-rally-crypto-news\/","title":{"rendered":"Whale Buys 410 M XRP Worth Over $200 Mln, Price To Rally? – Crypto News"},"content":{"rendered":"

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The XRP community gets enthusiastic as almost 410 million XRP worth $201 million moved to a new wallet address from a crypto exchange on Tuesday. The move comes after the recent decline in XRP price as traders book profits amid a selloff in the broader crypto market.<\/p>\n

According to a transaction report<\/a> by Whale Alert on October 17, a whale moved 409,776,402 XRP worth more than $201 million from the crypto exchange Bitvavo. Transaction data revealed that the wallet address is activated today, thus it can be a new whale or an entity buying XRP.<\/p>\n

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XRP continues to gain acceptance globally after Ripple Labs\u2019 another win in the long-running lawsuit against the U.S. Securities and Exchange Commission (SEC). Judge Torres denied the SEC\u2019s motion<\/a> to file an interlocutory appeal against an earlier order qualifying XRP as not a security. Now, the trial is set for April 2024.<\/p>\n

Read More: Ripple\u2019s 75 Mln XRP Transfer Ignites Curiosity On Its Next Strategic Play<\/a><\/strong><\/p>\n

XRP Witnessing Massive Buying by Whales And Investors<\/h2>\n

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Whales and entities are buying XRP significantly after the recent drop in XRP price to $0.47. The trading volume has also doubled to over $1 billion this week.<\/p>\n

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Moreover, institutional investors have bought XRP for the 25th consecutive week<\/a> as crypto funds saw inflows amid Ripple\u2019s victory against the U.S. SEC.<\/p>\n

XRP price<\/a> is trading at $0.49, up 0.5% in the past 24 hours. The 24-hour low and high are $0.489 and $0.505. While the price is trading below the support level, the strong trading volume of more than $1 billion shows promise of upside momentum.<\/p>\n

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

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The presented content 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

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The XRP community gets enthusiastic as almost 410 million XRP worth $201 million moved to a new wallet address from a crypto exchange on Tuesday. The move comes after the recent decline in XRP price as traders book profits amid a selloff in the broader crypto market. According to a transaction report by Whale Alert […]<\/p>\n","protected":false},"author":2,"featured_media":175750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-175749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175749","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=175749"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175749\/revisions"}],"predecessor-version":[{"id":175752,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175749\/revisions\/175752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/175750"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}