XRP Flashes Gain Amid Crypto Downturn; Whales Move 104 Million XRP
XRP News: The global crypto market witnessed heavy selling pressure on Friday the cumulative cap dropped by almost 3% to stand around $1.10 trillion. At the same time, Ripple’s native crypto, XRP has managed to print green indexes going against the market sentiments.
Also Read: Ripple Exec Bids For EU’s MiCA Amid US SEC Crackdown; Ripple Moving Out?
XRP Outperforms Bitcoin
As per the data, XRP price has declined by around 15% in the last 30 days dealing with bear sentiment. XRP price jumped by around 2% in the last 24 hours reversing the selling trend running in the market.
XRP is trading at an average price of $0.42, at the press time. Its 24 hour trading volume has jumped by 25% to stand at $1.22 billion. With this gain, XRP market cap added another $1.27 billion to stand at $22.25 billion.
It is important to note that XRP gain came in when Bitcoin (BTC), the world’s largest crypto registered a decline of more than 4% in the last 24 hours. Bitcoin is trading at an average price of $26,442, at the press time. Read More XRP News Here…
Also Read: Crypto Liquidation Nears $150 Million; Bitcoin Fears To Drop Under $26K
According to the data provided by WhaleAlert, Crypto whales have moved 104 million XRP tokens (approx worth $44 million) in multiple transactions over the past 24 hours. The largest transaction recorded by the tracker has been of moving 50 million XRP (approx worth $21 million) by a wallet named Ripple.
As the XRP price gains, crypto whales seem to be dumping their holding to book the profit. Whales moved around 54 million XRP tokens (approx worth $23 million) in multiple transactions. The largest transaction recorded by the tracker has been of moving 28 million XRP (approx worth $11.5 million) to Bitstamp Crypto exchange.
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