XRP NEWS: The global digital asset market is witnessing a transitionless transition into the final phase of the bear market. XRP, Ripple’s native crypto, is also one of those top cryptos that has been stuck around a certain price level due to declining investor sentiment. However, despite the low price activity, crypto whales are still making their moves.

Can Whales Cause XRP Price Surges?

According to WhaleAlert data, more than 440 million XRP (about $177 million) have been moved by various crypto whales in multiple transactions in the past 24 hours. The biggest transaction the whale recorded was moving 252 million XRP (about $100 million) to an unknown wallet.

However, the tracker also reported a large transaction where whales moved 125 million XRP (worth about $50 million) to an unknown wallet. Read more XRP news here…

As we go in, a whale address can be seen collecting 32 million XRP in a single transaction. The whale fetched $13.1 worth of XRP from the Bitso crypto exchange. Meanwhile, another whale dumped 35 million XRP in the past 24 hours. The crypto whale moved $14 million worth of XRP to crypto exchange Bitstamp.

BSC Whales going for XRP?

Data obtained from multiple sources shows that whales have been constantly interested in XRP accumulation. According to the Whalestats, XRP made it into the count of the top 10 tokens bought by the top 100 BSC whales in the last 24 hours.

XRP can also be seen in the count of the most used contracts among the 100 BSC whales in the last 24 hours. However, the top 100 BSC whales hold over $29 million in XRP.

XRP prices are up 2% in the past 24 hours. It is trading at an average price of $0.40 at the time of writing. However, the 24-hour trading volume has increased marginally to $968 million.

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]

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 XRP Price Rise Ahead? Whales Move 440 Million XRP

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