XRP Price Spikes By 18%, Breaches $0.56 level; What’s Happening?

XRP News: Ripple’s native crypto, XRP is on a whooping surge for the second consecutive day. XRP price managed to register maximum gain among the biggest 10 cryptos as the digital asset market records broad recovery. However, Bitcoin (BTC), the biggest cryptocurrency regain the $28K price level.

XRP Price Up By 67% YTD

As per the data, XRP price surged by a massive 18% over the past 24 hour. This makes it the biggest gainer among the top 50 cryptos. The recent inflow has resulted in a whopping price surge of 25% over the past 7 days.

XRP is trading at an average price of $0.571, at the press time. This is for the first time since September 2022 that the XRP price has managed to breach the $0.56 price level. Ripple’s native token price is up by more than 67% on the year to date (YTD) basis. Read More XRP News Here…

Data depicts that XRP market cap registered an inflow of around $4.7 billion in the last 24 hours. Its market cap stands over $29.5 billion amid facing legal challenges from the U.S. Securities and Exchange Commission (SEC). However, its 24 hour trading volume is up by 25% to stand at around $3.8 billion.

Also Read: XRP Rally Extends March 2023 Gains to More than 44%, What’s Next?

According to WhaleAlert Data, Crypto whales have been caught moving 104 million XRP (approx worth $60 million) in multiple transactions over the past 24 hours. However, the biggest transaction recorded by the tracker has been of adding 41.1 million XRP (approx worth $21.6 million) from the Crypto exchange Binance.

Several crypto whale addresses bought 84.6 million of XRP (approx worth $49 million) in multiple transactions. However, 62 million XRP tokens were acquired from Binance.

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