XRP News: Ripple’s native crypto, XRP emerged as one of the most favorable choices among the crypto whales during the highly volatile market conditions. However, crypto whales are still keeping pace with XRP accumulation looking for a price hike ahead.

Are Crypto Whales Moving XRP Price?

According to WhaleAlert data, crypto whales have moved more than 336 million (about $135 million) in multiple transactions in the past 24 hours. The largest transaction on record by the tracker of moving $89.1 million worth of 336 million XRP tokens to an unknown whale address.

As we dig, Ripple’s XRP became the most traded token in the top 100 BSC whales on Sunday. It flipped the CAKE token to regain first place. XRP’s 24-hour trading volume is up more than 113% to $1.49 billion. Read more XRP news here…

A whale collected 48.7 million XRPs in the past 24 hours. More than $19.5 worth of XRP was purchased from Bitso, a crypto exchange. Meanwhile, whales dumped more than 66 million XRP (about $26.3 million) in multiple transactions. This move suggests that whales are using the price pump to make a profit.

XRP price recorded a 5% spike in the past 24 hours. It is trading at an average price of $0.42 at the time of writing. Ripple’s native token market cap has crossed the $21 billion mark to hold the 6th spot on the list of the largest cryptos.

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.

This post Is XRP Price Rising Due to This Whale Movement?

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