XRP Outperforms Bitcoin, Ethereum; Whales Move 383 Million XRP
XRP News: The global digital asset market registered a slight drop on Saturday after witnessing a huge recovery amid the ongoing bank crisis. However, Ripple’s native crypto, XRP price has managed to surge, whereas the biggest cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) registered a price drop.
XRP Emerges As Top Gainer
Data depicts that XRP emerged as the top gainer among the 50 biggest cryptos over the past 24 hours. However, XRP is the biggest gainer among the top 100 cryptos recorded over the past 7 days. This surge comes in when the legal battle between Ripple Labs and U.S. Securities and Exchange Commission (SEC) is closing in for a Summary Judgment.
XRP price is up by a whopping 16% in the last 7 days, while Bitcoin and Ethereum prices registered a drop of 1% and 4%, respectively. However, during this time period, Bitcoin managed to regain the $28K price level.
According to the data, XRP price is up by more than 2% in the last 24 hours while the other major digital assets printed red indexes. It is trading at an average price of $0.446, at the press time. Meanwhile. Its 24 hour trading volume has dropped by 26% to stand at $1.47 billion. Read More XRP News Here…
Also Read: In XRP Lawsuit, US SEC Claims Supreme Court Ruling Won’t Help Ripple; What’s Next?
Crypto Whales Making A Move?
As per the data provided by the WhaleAlert, crypto whales moved more than 383 million XRP (approx worth $172 million) in multiple transactions over the past 24 hours. The biggest transaction recorded by the tracker has been of moving $79.8 million worth of XRP from an unknown wallet to other.
However, a crypto whale bought 22.5 million XRP in a single scoop. It added $10 million worth of XRP from the OKX crypto exchange.
Also Read: Deutsche Bank Shares Slump 10%; Is Deutsche Bank The Next Domino?
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