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XRP Price Rally By Over 10%; Whales Move 83 Mln XRP


coingape.com 04 November 2022 17:59, UTC
Reading time: ~2 m

The global crypto market saw a slight recovery over the past day. In the meantime, the major altcoin XRP price rally by over 10% suddenly. However, Ripple’s native token has turned out to be the best investment among the biggest cryptos over the past 60 days.

XRP price rally over whale buying?

XRP prices have surged by a whopping 50% over the last 60 days and that too amid the increased volatility in the global crypto market. However, this price surge is backed by the recent updates coming from the XRP lawsuit and huge whale accumulation.

As per Whale alert, mega whale wallets have moved over 83 million XRP tokens in multiple transactions. A whale has bought more than $24.2 million worth of XRP tokens in a single transaction. It moved 53.2 million XRP tokens from the Bitso crypto exchange to an unknown wallet.

Meanwhile, the whales have moved around 30 million XRP tokens from its wallet to Bitso. Over $13.5 million worth of XRP has been moved.

XRP price is up by around 8% over the past 24 hours. It is trading at an average price of $0.489, at the press time. It is still holding a total market cap of $24.5 billion.

Earlier, Coingape reported that Whales bought the price dip buying adding 129 million XRP tokens. However, around 198 million XRP tokens were moved by the whales.

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