Whale Moves Over 39 Mln XRP To Coinbase As Price Nears $0.7

Whale Alert, a blockchain tracking platform, recently unveiled data showcasing massive whale transfers orbiting around the XRP cryptocurrency. As of today, November 11, a colossal whale movement, transferring over 39 million XRP to a centralized exchange, caught the eyes of traders and investors alike.

The aforestated transfer seems to fall in line with the recent price surge witnessed by the cryptocurrency over the past few days following recent advancements by the Ripple community.

XRP Whale Transfer: Know Everything

According to the data unveiled by Whale Alert, a whopping 39.52 million XRP were transferred from an unknown wallet, rnomGKELNK…59McmhLnwy, to Coinbase, a San Francisco-based digital asset exchange. Moreover, the coins transferred amounted to over $25.85 million.

The above-mentioned transfer of coins to exchanges amid the price surge experienced by the coin portrays a bullish sentiment for the token in the broader crypto markets.

As reported by Coingape media earlier, a series of whale transactions orbiting the XRP coin went down this month. Furthermore, the to and fro of XRP from unknown wallets to exchanges has left crypto market enthusiasts wondering what the coin’s future might look like.

Also read: Over 361M SHIB Burnt This Week Amid Shiba Inu Price Rally: A Detailed Report

XRP Price Evaluation

The Ripple community has created a frenzy in the crypto realm following its recent tussle with the SEC. Market sentiments revolving around the XRP coin oscillate along the coin’s price as the Ripple community makes further developments.

As of writing, the XRP price witnessed a marginal increase of 1.99% over the past twenty-four hours, reaching $0.66. However, the twenty-four-hour trading volume witnessed a phenomenal decline of 35.63%, reaching $2.08 billion today.

Additionally, amid the constant price flux witnessed by the XRP cryptocurrency, John Deaton took a dig at the SEC, challenging the SEC’s reach beyond U.S. borders following a debate on the legalities of XRP sales worldwide.

Also read: Ripple Eyes Over $150 Mln Deduction In SEC Fine, Here’s Why