XRP Price Action In the Last Week; Upto 150 Million XRP Transfer

Prominent native crypto asset of payment protocol Ripple, XRP, has witnessed good omen in the recent past. The native crypto asset has seen a relatively good price action as well as there has been significant XRP transfer that took place during the similar timeframe.

XRP Price Action

According to CoinMarketCap, XRP price is $0.389690 USD with a 24-hour trading volume of $449.27 Million USD. XRP is down 0.29% in the last 24 with a market cap of $19.58 Billion USD. Currently the crypto asset has the market dominance of 2.30% and its ROI is 6532.93%.

The above graph-chart shows 7-days token performance of XRP where the analysis shows that its one-week high was on December 01, 2022. The coin priced at $0.409 with the trading volume of $742.09 Million and the market cap of $19.95 Billion.

On the other hand, it marked its one-week low on November 29, 2022 with the trading price of $0.3903 and trading volume $969.04 Million.

It can be seen that the token has lost almost 14% of its value in a month. While, in the month-to-date (MTD) performance, it has noted a decline of 13.6%.

XRP’s Past Performance

According to the price statistics, XRP is at a 52-week low of $0.2906 while its high was $1.02. Additionally, it attained its all time high on January 4th, 2018 when it traded at a price of $3.84. The current price of XRP is notably down by 89.86% from it’s all time high.

Moving towards its all time low, the token was trading at $0.002802 on July 7th, 2018.

Although XRP responded with a minor price increase, its gains remained temporary as the token could not sustain its upward trajectory.

Santiment, a market intelligence platform, recently shared a tweet noting that XRP along with Stellar (XLM) and Status (SNT) tokens are currently on the top trending list in “crypto friday.” And “these assets are all relatively even on the day, which means pump chances are higher than usual. But watch for a quick sell-off if they do while trending.”

Significant XRP Transactions

The recent tweet by WhaleAlert mentioned about the massive crypto transactions between two unknown wallets. The whales have shifted around 150 Million XRP, after the small price rise of XRP.

Moreover, at the time of writing the coin appeared to be poised for a healthy surge. And now it seems like the upward movement will be temporary and the bears are expected to take control shortly as altcoin registers an increase in its price.