Newsletter135 Million More XRP Added By Whales; Is Next Pump Near?
XRP, Ripple’s native crypto price took a hit on Saturday following the broad sell sentiment in the digital asset market. However, this price drop has also broken the XRP’s long gaining run. The price movement has allowed crypto whales to add more XRP coins to their wallets.
Whales’ fav choice, XRP?
As per data, XRP price is up by 46% in the last 30 days. However, the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have dropped by 4% and 17% in the same period, respectively.
Meanwhile, XRP price has dropped by around 4% in the last 24 hours. This price dip has spiked the interest of the whales. As per the Whale Alerts, more than 135 million XRO coins have been moved from several crypto exchanges to multiple unknown wallets.
Over $66 million worth of XRP coins were bought by the whale wallets in the last 24 hours. The biggest transaction recorded by the tracker has been of a whale accumulating more than $19.1 million worth of XRP. The transaction took on the Bitstamp crypto exchange. However, more than 86 million XRP coins have been acquired by the whales from the same exchange.
Whale Alert also reported that around 122 million XRP were moved from some unknown wallet to another. Meanwhile, $10.7 million worth of XRPs were moved from whale wallet to Bitstamp crypto exchange to sell.
Is case rulings helping the coin?
XRP is trading at an average price of $0.48, at the press time. It is 24 hour trading volume has dropped by 52% to stand at $1.02 billion.
Despite facing the long runing legal battle with the SEC, Ripple’s XRP has managed to stay on the list of top 10 digital currencies. XRP is holding a market cap of $24 billion.
However, the recent rulings in the crucial lawsuit have proved to be good for Ripple. It has pumped the investor’s sentiments in the favor of the XRP.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Expert Predicts Further Downside For Bitcoin As Fear and Greed Index Drops To 10
- Solana and XRP ETFs Attract Fresh Inflows Even as Crypto Market Falls
- BLS to Release Jobs Report on Nov. 20 as Uncertainty Over Fed Rate Cut Persists
- JPMorgan calls Bitcoin Price Bottom, Predicts It Will Challenge Gold Next Year
- Zcash to Surpass XRP? Arthur Hayes Makes Bold Claim Amid ZEC’s 45% Rally
- Litecoin Price: With a 12% Surge and Pearson BTC Correlation at –0.01, Is LTC Gearing Up for $125?
- What’s Next for Chainlink Price After 53.87 Million Tokens Accumulated
- What the New Bitcoin Model Predicts About a Possible $200K BTC Price Target?
- Zcash Price Soars 45%: Here’s Why
- Bitcoin Price Pattern Points to a Crash to $62k as Fed Cut Odds Fall to 54%
- Zcash Price Defies Market Crash: Will Shrinking Exchange Netflows Keep ZEC Rallying?
