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XRP, one of the most popular tokens within the cryptocurrency space, once again amassed noteworthy attention across the broader crypto market on Wednesday as the token recorded substantial whale transfers recently. Notably, as the transfers surfaced over the crypto horizon amid a price flux noted by the crypto, market enthusiasts appear to be thoroughly eyeing the Ripple-backed token.
At the same time, on-chain data revealed the movement of approximately 537 million XRP, igniting considerable interest among cryptocurrency market participants.
A notable crypto analyst highlighted the present market behavior of the token, leading to further speculations about the Ripple-backed crypto.
XRP Whale Transfers: A Detailed Report
According to the data revealed by Whale Alert, a platform streamlining blockchain metrics, four significant transactions appear to have piqued traders’ interest today, December 27. Notably, as per the data, 537.54 million XRP was reshuffled recently through a series of transactions.
Intriguingly, the first transaction that echoed a frenzy within markets illustrated the transfer of 300 million XRP from Binance to an unknown wallet, rPz2qA93Pe…ycJR1N4iNf. Moreover, mirroring the data, the amount transferred from Binance totaled $185.08 million while writing.
The second transaction that fueled further speculations portrayed the transfer of 139.37 million XRP between unknown wallets. In accordance with the data, the unknown wallet, rPz2qA93Pe…ycJR1N4iNf, shifted the prior stated amount to another wallet address, rPJ5GFpyDL…wi41kaXN5A.
Meanwhile, the third transaction that stirred inferences for XRP encompassed the transfer of 27.80 million XRP to a CEX, Bitstamp. Concerning the data, the wallet address r4wf7enWPx…5XgwHh4Rzn was noted, making the previously stated transfer to Bitstamp.
Lastly, the fourth transaction that garnered noteworthy attention showcased the transfer of 70 million XRP, worth 43.17 million, from Ripple to an unknown wallet. Aligning with the data, the unknown wallet, rP4X2hTa7A…7XZ63sKxv3, received the aforestated amount from Ripple.
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XRP Price Report
While writing, the XRP price showcased a jump of 2% over the past 24 hours and is currently resting at $0.63. However, market charts for the token showcased a constant price flux movement today. The XRP token traded briefly below the $0.62 mark on December 27, propelling further speculations among crypto market fanatics for the token.
In addition, crypto analyst Cryptoes further cracked down on XRP’s present market performance. According to Cryptoes, XRP’s daily closed beneath the 21MA. Although it closed above the green H&S neckline, Cryptoes spotlighted the need to wait in order to see how the token plays out ahead.
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