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.
- Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple
- How the Crypto Market Could React to the Next Fed Meeting on October 29?
- $1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP
- Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions
- Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
