XRP Gains While Top Cryptos Bleed; Ripple Lawsuit Ruling Near?

XRP News: Ripple’s native token, is trading under uncertainty of being landing under the category set by the U.S. Securities and Exchange Commission (SEC) of ‘Securities’. However, data depicts that the XRP price is decoupling from the ongoing market sentiments.

XRP Beats Bitcoin, Ethereum

XRP emerged as one of the top gainers in the bleeding crypto market over the past 24 hours. XRP price is up by over 7% while the biggest of the cryptos like Bitcoin (BTC) and Ethereum prices declined by 4% and 2.7%, respectively.

Ripple’s native token has managed to surge by 43% on the Year to Date (YTD) while facing legal troubles from the US SEC. XRP is trading at an average price of $0.487, at the press time. However, its 24-hour trading volume spiked by 150% to stand at $3.1 billion.

As per the data provided by WhaleAlert, around 200 million XRP tokens (approx worth $97 million) were moved by several crypto whales over the past 24 hours. However, the biggest transaction recorded by the tracker has been of moving 150 million XRP (approx worth $73.3 million). Read More XRP News Here…

Also Read: XRP Lawsuit Summary Judgment May Land This Week, Suggests Case Insider

A crypto whale went on to accumulate 22.1 million XRP (approx worth $10.55 million) from the Bitso crypto exchange. Meanwhile, another whale account moved $12 million worth of 25 million XRP to the Bitstamp crypto exchange amid the price surge.

The global crypto market cap registered a decline of around 3% over the past day. The cumulative market cap stands at around $1.13 trillion. 24 hour trading volume is up by 33% to stand at $43.5 billion.

Also Read: Binance CEO CZ Replies To US Senators Inquiry, Shares Response

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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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