XRP News: The global digital asset market registered a marginal increase on Saturday as the price of the largest cryptos such as Bitcoin (BTC) and Ethereum (ETH) fell due to increased selling pressure. However, BSC whales have been caught moving Ripple’s native crypto, XRP amid the recent decline.
XRP price reduced by 17%
XRP is the biggest loser in the top 10 cryptos calculated from the record of the past 90 days. XRP price is down as much as 17% in the said period. On the other hand, the price of Bitcoin is up about 10% in the past 90 days.
XRP’s price drop shows it hasn’t helped the recent relief rally, while other tokens are recovering by printing green indices. However, this drop has come as the long-running US SEC Vs Ripple lawsuit continued to send positive news for the token. Read more XRP news here…
According to the data, the XRP price is up as much as 21% in the past 30 days. However, this increase has failed to impress traders as the other major cryptos such as Cardano (ADA) and Polygon (MATIC) are up 50% and 53% respectively over the same period.
BSC whales go for Ripple’s native token
It seems that XRP has become the preferred choice of the largest BSC whales. According to the data, XRP has become the most traded whale token in the past 24 hours. However, Ripple’s native token’s 24-hour trading volume fell 25% to $689 million.
As we dig, XRP has also landed in the top 10 tokens bought in the last 24 hours by the biggest BSC whales. Data shows that the top 100 BSC whales now own $29.23 million in XRP, which is 2.53% of their total holdings.
On the market side, XRP is trading at an average price of $0.412 at the time of writing. It has a market cap of about $21 billion.
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’s not writing, he’s playing video games, watching a thriller, or exercising outside. Reach me [email protected]
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