Whales appear to leverage the stagnant price action of XRP to secure discounted purchases. The most recent acquisition of over 360 million tokens coincides with amplified censure aimed at the US Securities and Exchange Commission (SEC) by Ripple executives.

Over the past week, crypto whales were spotted buying XRP aggressively, signaling that a spike in price volatility is underway. 

Whales Accumulate 360 Million XRP

Ali Martinez, BeInCrypto’s Global Head of News, pointed out that whales have amassed a significant number of XRP worth millions. This acquisition coincides with a slight downturn in the price of XRP.

“Ripple whales have bought around 360 million XRP over the past week, worth roughly $223 million,” said Martinez.

Despite the spike in buying pressure, BeInCrypto’s pricing data shows XRP trades at roughly $0.61694, marking a 1.05% decline in the past 24 hours, and over the past month, it has experienced a marginal decrease of 0.36%.

Although prices remain stagnant, XRP is up 82% year-to-date, demonstrating a positive trajectory for most of the year, up 82% on the year-to-date metric.

Go to Source to See Full Article
Author: Oluwapelumi Adejumo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details