XRP News: 115 Million XRP On the Move Ahead Of SEC Chair Testimony

XRP News: Gary Gensler, Chairperson at U.S. Securities and Exchange Commission (SEC) is set to testify before the House Financial Services Committee. The scheduled hearing is titled “Oversight of the Securities and Exchange Commission.” However, the global digital asset market can be seen printing green indexes before the SEC Chair testimony.

Also Read: Key Agendas In SEC Chair Gensler Prepared Testimony Before US House

Crypto Market Turns Green Ahead Of SEC Chair Testimony

As per the data, Bitcoin (BTC), the largest crypto currency price jumped by 3% in the last 24 hours. This helped BTC to regain the $30K price level. Bitcoin is trading at an average price of $30,327, at the press time. Its 24 hour trading volume is up by 2% to stand at $17.7 billion.

The digital asset market cap jumped by more than 2% over the past day. It now stands at $1.28 trillion.

Ripple Labs and its executive have been eagerly waiting for the testimony. Ripple and US SEC have been engaged in a long running legal tussle. Read More XRP News Here…

Also Read: Ripple Facing Trouble Over Its New Project Due To XRP Lawsuit?

As per the data provided by WhaleAlert, more than 115 million XRP (approx worth $60 million) have been moved in multiple transactions over the past 24 hours. The biggest transaction recorded by the tracker has been of accumulating 25.3 million XRP (approx worth $13 million).

Crypto whales bought over 73.4 million XRP tokens (approx worth $37.5 million) in the last 24 hours. However, 48 million XRP tokens (approx worth $25 million) were accumulated from Bitso crypto exchange.

XRP price jumped by 2% in the last 24 hours. XRP is trading at an average price of $0.52, at the press time. Its 24 hour trading volume is up by 6% to stand at $1 billion.

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Ashish Kumar

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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