24/7 Cryptocurrency News

XRP News: Whales Buy XRP Price Dip; Adds 129 Million XRP

Increased selling pressure in the crypto market has allowed the whales to add more XRP tokens to their wallets.
Published by
XRP News: Whales Buy XRP Price Dip; Adds 129 Million XRP

Ripple’s native token, XRP registered a blistering price rally over the past month. The recent price surge was backed by the significant wins in the SEC Vs Ripple lawsuit.

However, Due to the increased selling pressure in the market XRP prices saw a slight decline. This move has allowed the crypto whales to add more XRP to their wallets.

Advertisement

Whales on a buying spree?

As per Whale Alert, the crypto whales have moved more than 198 million XRP tokens over the past 24 hours.

Data depicts that whales have added over 129 million XRP tokens (worth approx $59.56 million) in the last 24 hours. More than $31 million worth of XRP tokens were moved from the Binance crypto exchange in multiple transactions.

However, the largest transaction recorded by the whale tracker has been of moving 60.92 million XRP tokens. A whale wallet added $28.4 million worth of XRP from the Bitstamp crypto exchange to its wallet.

Earlier, Coingape reported that whales went on a buying spree and added over 200 million XRP to multiple wallets. The Whale accumulation came around at the time when court dropped major rulings in the favor of Ripple.

Advertisement

Is positive XRP news in coming ahead?

Whales has also moved more than 67.5 million XRP tokens from the FTX crypto platform to Binance. This movement might have come under the anticipation of a further price surge.

Ripple’s XRP price has dropped by more than 3% in the last 7 days. Its price seems to be stuck around the price range of $0.45. XRP is trading at an average price of $0.4535, at the press time.

Its 24 hour trading volume has dropped by over 18% to stand at $1.15 billion. However, XRP is one of the most profitable tokens over the past 60 days. Its price has jumped by over 38% over the same period.

Share
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 ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC

This week, corporate Bitcoin treasuries exceeded 1 million BTC in total holdings. From September 1…

September 7, 2025
  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025