XRP Price Surge Ahead? Whales Move 440 Mln XRP

XRP NEWS: The global digital asset market is witnessing a shiftless transition into the last phase of the bear market. Ripple’s native crypto, XRP is also one of those top cryptos which have stuck around a certain price level due to decreasing investors’ sentiments. However, crypto whales are still making their moves despite low price activity.

Can Whales Drive XRP Price Surge?

As per the data provided by WhaleAlert, more than 440 million XRP (approx worth $177 million) have been moved by several crypto whales in multiple transactions over the past 24 hours. The single largest transaction recorded by the whale has been of moving 252 million XRP (approx worth $100 million) to an unknown wallet.

However, the tracker also reported a major transaction of whales moving 125 million XRP (approx worth 50 million) to an unknown wallet. Read More XRP News Here…

As we dig in, a whale address can be seen accumulating 32 million XRP in a single transaction. The whale scooped $13.1 worth of XRP from the Bitso crypto exchange. Meanwhile, another whale went on to dump 35 million XRP over the past 24 hours. The crypto whale moved $14 million worth of XRP to the Bitstamp crypto exchange.

BSC Whales Goes For XRP?

Data obtained from multiple sources depict that whales have been constantly interested in the XRP accumulation. As per the Whalestats, XRP made it to the tally of the top 10 tokens purchased by the biggest 100 BSC whales in the last 24 hours.

XRP can also be spotted in the tally of most used contracts among the 100 BSC whales in the last 24 hours. However, the top 100 BSC whales are holding over $29 million worth of XRP.

XRP prices have surged by 2% over the last 24 hours. It is trading at an average price of $0.40, at the press time. However, its 24 hour trading volume is marginally up to stand at $968 million.

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.