XRP News: Ripple’s native crypto, XRP is trading under increased selling pressure losing its gain registered over the past week. XRP price is down by more than 11% in the last 7 days. However, this dip has allowed the crypto whales to add accumulate more XRP tokens.
108 Mln XRP On The Move
As per the data provided by WhaleAlert, crypto whales have moved around 180 million XRP (approx worth $82 million) in multiple transactions over the past 24 hours. The biggest transaction recorded by the tracker has been of moving 108.9 million XRP tokens (approx worth $50 million) among unknown wallets.
XRP price has dropped by over 2% in the last 24 hours. This dip has allowed crypto whales to accumulate 42 million XRP tokens in a single transaction. More than $19.34 million worth of XRP tokens were bought from the Bitso crypto exchange.
However, whales were also caught dumping XRP tokens amid the price drop. As per the data, 28 million XRP tokens (approx worth $13 million) were moved by a whale wallet to the Bitstamp crypto exchange. Read More XRP News Here…
It is important to note that XRP price is still in flagging green indexes maintaining a gain of around 7% in the last 30 days. XRP is trading at an average price of $0.454, at the press time. Its 24-hour trading volume is up by 74% to stand at $1.2 billion.
XRP price has been stagnant over the past 2 years as Ripple Labs and its executives are facing a legal tussle launched by U.S. Securities and Exchange Commission (SEC). However, XRP has managed to gain around 33% on the year to date (YTD) basis.
Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s4