XRP News: 126 Million XRP On The Move As Ripple Gains Support

XRP News: The global digital asset market is trading under increased volatility due to increased scrutiny of the US SEC. Amid the broad sell off, several crypto whales have been spotted moving huge amounts of Ripple’s native crypto, XRP. However, this move comes in when Ripple is gaining support in the long running XRP lawsuit.
XRP Whales Adding In Dip
As per the data provided by WhaleAlert, crypto whales went on to move more than 126 million XRP tokens (approx worth $50 million) in multiple transactions over the past 24 hours. However, whales this move comes in when XRP price have declined by over 7% in the last 30 days.
Crypto whales went on to dump around 68 million XRP tokens (Approx worth $27 million) in multiple transactions over the past 24 hours. However, the largest dumping transactions recorded by the tracker have been of moving around $13.6 million worth of XRP to the Bitstamp crypto exchange. While other whale shifted 33 million XRP to the same exchange. Read More XRP News Here…
XRP price have dropped marginally over the past 24 hours. Its 24 hour trading volume is up by 2% to stand at $1.03 billion. It is still holding a market cap of over $20 billion despite facing legal actions from the US SEC.
However, the whale went on to seal the buy the dip opportunity. Whales went on to add 58.8 million XRP tokens (approx worth $23 million) in multiple transactions. The biggest accumulation transaction recorded by the tracker has been of adding 31 million XRP tokens (approx worth $ 13.6 million) from the Bitso crypto exchange.
- FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading
- Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000
- Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand
- Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months
- Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns