XRP News: Ripple’s native crypto, XRP has managed to maintain the upward momentum over the past weeks. XRP has been riding on the positive sentiments building in the crypto market. However, whale movements have turned out to be one of the major reasons behind the recent XRP price surge.
Whales scoops 86 Mln XRP
WhaleAlert reported that crypto whales moved more than 400 XRP tokens (approx worth $154 million) in multiple transactions over the past 24 hours. The single largest transaction recorded has been of moving 262.3 million XRP tokens (Approx worth $97 million).
Data depicts that whales accumulated 86.8 million XRP tokens (approx worth $32 million) in multiple transactions. However, a whale scooped $17.1 million worth of 45.8 million XRP tokens in a single transaction from Bitso, crypto exchange. Read More XRP News Here….
This move has led to the XRP price surging by 3% in the last 24 hours. XRP is trading at an average price of $0.377, at the press. However, its 24 hour trading volume stands at around $1.08 billion. Meanwhile, it is still holding a market cap of over $19.1 billion. However, XRP price have been hindered heavily due to facing legal challenges against SEC.
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