XRP, the digital currency supported by Ripple, has been buzzing with activity as three big whale transactions moved a whopping 91 million tokens. This comes at a time when everyone is looking forward to some important news from a former Ripple executive. Despite these big moves, XRP’s price has climbed over $0.51, showing that investors are feeling positive.
Big Moves of Whale in the XRP Market
Whale Alert, a service that tracks big cryptocurrency transactions, noticed that 91.3 million XRP, worth about $46.35 million, were moved in three transactions. This included moving 51.3 million to exchanges Bitstamp and Bitso, and 40 million to an unknown wallet from Bybit.
XRP Price Reaction
Following these significant transactions, the price of XRP experienced a rise, surpassing the $0.51 threshold. This uptick could be partially attributed to Sean McBride’s tease of impending significant updates for XRP. Additionally, Ripple’s strategic maneuvers in its legal confrontation with the SEC may also be playing a role in boosting its price.
At present, XRP’s price is trending upwards, showing a 2.52% gain over the past day to reach $0.516. Furthermore, the digital currency’s market cap and trading volume have recorded increases of 2.76% and 19.34%, respectively. Despite today’s substantial trading activity by whales, the price increase appears to be driven by the anticipation of major news teased by a former Ripple executive. Ripple’s calculated legal strategies in its current lawsuit are further fueling this upward momentum in its price.
Looking Ahead
Right now, XRP’s price is on the rise, up 2.52% in the last 24 hours to $0.516. The market cap and trading volume of XRP have also gone up by 2.76% and 19.34%, showing strong market interest.
The excitement for the upcoming announcement from Ripple’s former director and Ripple’s legal strategies seems to be driving the positive trend. With all eyes on XRP, the recent whale activities and the potential for big news have made XRP a key point of interest in the crypto market.
Where to BUY XRP?
Bitget stands out as a reliable crypto exchange. It provides a user-friendly interface, making it easy for both beginners and experienced traders to navigate and make transactions at the lowest fees on the market. To get started with Bitget, you need to create an account, complete the necessary KYC procedures, and then you can begin trading a variety of altcoins available on the platform.