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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.
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