XRP Flashes Gain; Whales Move 104 Million XRP

XRP News: The global crypto market witnessed heavy selling pressure on Friday the cumulative cap dropped by almost 3% to stand around $1.10 trillion. At the same time, Ripple’s native crypto, XRP has managed to print green indexes going against the market sentiments.

Also Read: Ripple Exec Bids For EU’s MiCA Amid US SEC Crackdown; Ripple Moving Out?

XRP Outperforms Bitcoin

As per the data, XRP price has declined by around 15% in the last 30 days dealing with bear sentiment. XRP price jumped by around 2% in the last 24 hours reversing the selling trend running in the market.

XRP is trading at an average price of $0.42, at the press time. Its 24 hour trading volume has jumped by 25% to stand at $1.22 billion. With this gain, XRP market cap added another $1.27 billion to stand at $22.25 billion.

It is important to note that XRP gain came in when Bitcoin (BTC), the world’s largest crypto registered a decline of more than 4% in the last 24 hours. Bitcoin is trading at an average price of $26,442, at the press time. Read More XRP News Here…

Also Read: Crypto Liquidation Nears $150 Million; Bitcoin Fears To Drop Under $26K

According to the data provided by WhaleAlert, Crypto whales have moved 104 million XRP tokens (approx worth $44 million) in multiple transactions over the past 24 hours. The largest transaction recorded by the tracker has been of moving 50 million XRP (approx worth $21 million) by a wallet named Ripple.

As the XRP price gains, crypto whales seem to be dumping their holding to book the profit. Whales moved around 54 million XRP tokens (approx worth $23 million) in multiple transactions. The largest transaction recorded by the tracker has been of moving 28 million XRP (approx worth $11.5 million) to Bitstamp 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]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.