XRP Price Surge Ahead? Whales Activity Spikes

XRP News: Ripple’s native crypto, XRP price has managed to keep up the momentum amid the crypto winter. However, global crypto has been registering a relief rally since the beginning of 2023. However, the crypto whales have some different plans for the XRP.

Are whales moving XRP price?

As per the Data, XRP price have jumped by almost 10% in the last 7 days. This recent surge was backed by a spike in address activities over the past week.

On Jan 8, 2023, XRP’s daily active addresses stood at around 41k. However, this number has seen impeccable growth as the daily active addresses on Jan 12, 2023, were recorded to stand at 148.5k. XRP daily active addresses surged by more than 107k in just 7 days. Read More XRP News Here…

WhaleAlert reported that XRP crypto whales have moved around 193 million XRP (approx worth $70 million) in multiple transactions over the past 24 hours. The single largest transaction recorded has been of a whale buying more than 44.2 million XRP (approx worth $15.5 million) from Bitso, crypto exchange. However, the whales have bought around 45.2 million XRP (approx worth $30.7 million) from Bitso in the last 24 hours.

Meanwhile, 88 million XRP tokens (approx worth $30 million) have been moved over different crypto exchanges. However, $29.1 million worth of XRP tokens were moved to the Bitstamp.

XRP social dominance surges

The report depicts that XRP has seen a pattern of big social dominance surges which can easily lead to price surges ahead. XRP price is up by 3% in the last 24 hours. Ripple’s native crypto is trading at an average price of $0.37, at the press time. Its 24 hour trading volume is up by 17% to stand at $1.3 billion.

XRP price surge is also supported by the latest developments in the XRP vs SEC lawsuit. The long running case is awaiting Summary Judgment.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.