XRP Price Soars As Whales Reshuffle 182 Mln XRP, Price Rally To Sustain?

XRP, one of the top cryptocurrencies by global market cap, once again gained significant traction within the broader crypto market as the token recorded colossal whale transfers on Thursday. The whale transactions also come amid a price jump witnessed by the token, curating a hurricane of speculative buzz among crypto market enthusiasts.

Intriguingly, market data suggests that 182.6 million XRP have recently been relocated to CEXS and an unknown wallet. Moreover, according to the data surfacing in the market, this chronicle occurred in a series of 4 transactions.

In addition, a well-known crypto enthusiast also shared views on XRP’s current market performance, fueling further inferences for the token.

XRP Whale Transactions: A Detailed Report

According to the blockchain tracking platform Whale Alert, data illustrated the transfer of 62.6 million XRP to CEXs Bitstamp, Bitso, and Bybit. On the other hand, a whopping 120 million XRP was transferred from Ripple to an unknown wallet.

Concerning the data, an unknown wallet, raQxZLtqur…XMNwvFRkJN was noted transferring 20 million XRP to Bybit today, December 21. Furthermore, the transfers to Bitstamp and Bitso were done by the wallet address r4wf7enWPx…5XgwHh4Rzn, collectively transferring 42.6 million XRP. Notably, the wallet, r4wf7enWPx…5XgwHh4Rzn, moved 24.6 million XRP to Bitstamp, while in another transaction, it shifted 18 million XRP to Bitso.

In addition, another significant whale transaction appears to have piqued traders’ interest. This transaction marked the shifting of a whopping 120 million XRP from Ripple to an unknown wallet, rP4X2hTa7A…7XZ63sKxv3.

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XRP Price Ascends

While writing, the XRP price jumped 1.17% over the past 24 hours, currently evaluating as $0.6168. Moreover, the token’s 24-hour trading volume also showcased a substantial upswing of 17.84%, accompanied by a market cap upsurge of 1.09%.

A prominent crypto analyst, Cryptoes, further illuminated the price upswing witnessed by the token. According to Cryptoes, XRP’s current market performance painted a better bullish portrait today. He further stresses that as long as the token holds above the green diagonal, an XRP pump should get going.

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