XRP Whales Are On The Move Again – Here’s What They’re Doing This Time

XRP whales are on the move amidst a new surge in the wider market as the altcoin is currently grinding better than most would expect. The cryptocurrency has been on a roll in the past 24 hours, which has enabled it to outperform other large market-cap cryptocurrencies in both the 24-hour and seven-day time frames. It is interesting to note that this surge in the ultra-bullish XRP narrative can be partly linked to an increase in whale activity. According to both on-chain and exchange data, large wallets have increased their accumulation of XRP tokens. XRP Whales On The Move The XRP ecosystem is home to various whales besides Ripple whose actions may also signal the ongoing sentiment for the cryptocurrency. Various on-chain data has shown large XRP transactions in the past few weeks to and from exchanges. Whatever the reasons, massive transactions are worth paying attention to as they can either increase or decrease buying and selling pressure. Related Reading: Crypto Analyst Says Telegram-Based Notcoin Is Ready To Fly, Here’s How High Notably, large transactions have increased in the past 24 hours, suggesting some whales might be accumulating XRP tokens. According to data from Whale Alerts, a crypto whale tracking service, 23.2 million XRP worth $13.58 million was recently transferred from Binance to a private wallet.

Jul 17, 2024 - 18:00

XRP Whales Are On The Move Again – Here’s What They’re Doing This Time

XRP whales are on the move amidst a new surge in the wider market as the altcoin is currently grinding better than most would expect. The cryptocurrency has been on a roll in the past 24 hours, which has enabled it to outperform other large market-cap cryptocurrencies in both the 24-hour and seven-day time frames. It is interesting to note that this surge in the ultra-bullish XRP narrative can be partly linked to an increase in whale activity. According to both on-chain and exchange data, large wallets have increased their accumulation of XRP tokens.

XRP Whales On The Move

The XRP ecosystem is home to various whales besides Ripple whose actions may also signal the ongoing sentiment for the cryptocurrency. Various on-chain data has shown large XRP transactions in the past few weeks to and from exchanges. Whatever the reasons, massive transactions are worth paying attention to as they can either increase or decrease buying and selling pressure.

Notably, large transactions have increased in the past 24 hours, suggesting some whales might be accumulating XRP tokens. According to data from Whale Alerts, a crypto whale tracking service, 23.2 million XRP worth $13.58 million was recently transferred from Binance to a private wallet.