XRP Price Surge Ahead? 364 Mln XRP Moved Amid New Ruling In Ripple Lawsuit

XRP Price Update: Ripple’s native crypto, XRP printed green indexes on Tuesday as the global digital asset market registered a slight recovery. XRP price have been stagnant over the past few weeks. However, the latest ruling in US SEC vs Ripple lawsuit might pump the XRP price ahead.

XRP Whales On The Move

As per the data provided by the WhaleAlert, crypto whales have moved around 364 million XRP (approx worth $135 million) in multiple transactions over the exchanges. The largest transaction recorded by the tracker has been of moving 144 million XRP tokens (approx worth $53.5 million).

However, the tracker also reported that a wallet named “Ripple” moved $37 million worth of 100 million XRP tokens to an unknown wallet.

Data depicts that crypto whales bought around 75.6 million XRP tokens (approx worth $18 million) in multiple transactions. However, the largest accumulation transaction recorded by the tracker has been of adding $15.4 million worth of 41.6 XRP tokens from the Bitso crypto exchange. It added that 34 million XRP (approx worth $12.3 million) were moved from the Binance crypto exchange.

XRP price is up by 2% in the last 24 hours. It is trading at an average price of $0.37, at the press time. Ripple’s native crypto 24 hour trading volume is up by 18% to stand at $1.12 billion. However, it is holding a market cap of around $19 billion despite facing a lawsuit from the U.S. Securities and Exchange Commission (SEC).

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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