XRP News: XRP, Ripple’s native token, has proved more profitable than the world’s largest cryptocurrency, Bitcoin (BTC), during the recent crackdown on the digital asset market. However, crypto whales have used this period successfully by accumulating more XRP tokens.

XRP outperforming BTC?

According to WhaleAlert, crypto whales have moved more than 275 million XRP tokens in the past 24 hours. Total XRP moved was worth over $107 million.

Records show whales bought more than 113 million XRP (about $44 million) in the past day. Most of the transactions were conducted from the Bitso crypto exchange. however, the largest transaction on record has acquired $15.3 million worth of XRP tokens.

XRP has outperformed Bitcoin in the past 30 days. The XRP price is up more than 4%, while the BTC price is down 3% over the same period. Bitcoin is trading at an average price of $17,234, at the time of writing.

XRP is trading at an average price of $0.39 at the time of writing. XRP price is up more than 2% in the last 24 hours. The 24-hour trading volume is $748.3 million. However, it still has a market cap of $19.6 billion despite a lawsuit from the US SEC.

Ashish believes in decentralization and has a keen interest in the development of Blockchain technology, the 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 a thriller or exercising outside. Reach me [email protected]

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





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