XRP News: Ripple’s native crypto, XRP has managed to maintain the upward momentum of the past few weeks. XRP has built on the positive sentiment building in the crypto market. However, whale movements have turned out to be one of the main reasons behind the recent surge in XRP price.
Whales Scoops 86 Million XRP
WhaleAlert reported that crypto whales have moved more than 400 XRP tokens (about $154 million) in multiple transactions in the past 24 hours. The single largest transaction included moving 262.3 million XRP tokens (worth about $97 million).
Records show that whales have accumulated 86.8 million XRP tokens (approximately $32 million) in multiple transactions. However, a whale took out $17.1 million worth of 45.8 million XRP tokens in a single transaction from crypto exchange Bitso. Read more XRP news here….
This move has caused the XRP price to increase by 3% in the past 24 hours. XRP is trading at an average price of $0.377, at press. However, the 24-hour trading volume is around $1.08 billion. Meanwhile, it still has a market cap of over $19.1 billion. However, the XRP price has been heavily hampered due to legal challenges against SEC.
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