Is XRP Price Surging Over This Whale Move?

XRP News: Ripple’s native crypto, XRP emerged as one of the most favorable choices among the crypto whales during the highly volatile market conditions. However, crypto whales are still keeping up with the XRP accumulation looking for a price surge ahead.

Are Crypto whales moving XRP price?

As per the data provided by WhaleAlert, crypto whales moved more than 336 million (approx worth $135 million) in multiple transactions over the past 24 hours. The biggest transaction recorded by the tracker has been of moving $89.1 million worth of 336 million XRP tokens to an unknown whale address.

As we dig in, Ripple’s XRP became the most traded token among the top 100 BSC whales on Sunday. It flipped the CAKE token in order to regain the top spot. XRP’s 24 hour trading volume has surged by more than 113% to stand at $1.49 billion. Read More XRP News Here…

A whale accumulated 48.7 million XRPs in the last 24 hours. More than $19.5 worth of XRP was bought from Bitso, a crypto exchange. Meanwhile, whales dumped more than 66 million XRP (approx worth $26.3 million) in multiple transactions. This move suggests that whales utilise the price pump in order to book profit.

XRP price recorded a spike of 5% over the past 24 hours. It is trading at an average price of $0.42, at the press time. Ripple’s native token market cap has breached the $21 billion mark to maintain the 6th spot on the tally of the biggest crypto.

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.