126 Million XRP On The Move As Ripple Gains Support

XRP News: The global digital asset market is trading under increased volatility due to increased scrutiny of the US SEC. Amid the broad sell off, several crypto whales have been spotted moving huge amounts of Ripple’s native crypto, XRP. However, this move comes in when Ripple is gaining support in the long running XRP lawsuit.

XRP Whales Adding In Dip

As per the data provided by WhaleAlert, crypto whales went on to move more than 126 million XRP tokens (approx worth $50 million) in multiple transactions over the past 24 hours. However, whales this move comes in when XRP price have declined by over 7% in the last 30 days.

Crypto whales went on to dump around 68 million XRP tokens (Approx worth $27 million) in multiple transactions over the past 24 hours. However, the largest dumping transactions recorded by the tracker have been of moving around $13.6 million worth of XRP to the Bitstamp crypto exchange. While other whale shifted 33 million XRP to the same exchange. Read More XRP News Here…

XRP price have dropped marginally over the past 24 hours. Its 24 hour trading volume is up by 2% to stand at $1.03 billion. It is still holding a market cap of over $20 billion despite facing legal actions from the US SEC.

However, the whale went on to seal the buy the dip opportunity. Whales went on to add 58.8 million XRP tokens (approx worth $23 million) in multiple transactions. The biggest accumulation transaction recorded by the tracker has been of adding 31 million XRP tokens (approx worth $ 13.6 million) from the Bitso crypto exchange.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, 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 some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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