Ripple Moves 60 Mln XRP Bolstering Market Interest, Price To Hit $0.7?

Ripple Moves 60 Mln XRP Bolstering Market Interest, Price To Hit $0.7?

Whale Alert, a platform facilitating cryptocurrency tracking, recently disclosed eye-catching data showcasing noteworthy whale transactions revolving around the XRP community.

According to the data unveiled, over 80 million XRP tokens were reshuffled over the past twenty-four hours, with some being sent to centralized exchanges, whereas others were sent to unknown wallets. The colossal amount of tokens transferred appears to have grabbed substantial attention among traders and investors throughout the crypto realm.

XRP Token Whale Transfers, Know more

As of writing, as per the data by Whale Alert, almost 20.7 million XRP tokens were transferred to Bitstamp, a cryptocurrency exchange headquartered in Luxemburg city, Europe. The transfer to Bitstamp was done by an unknown wallet, r4wf7enWPx…5XgwHh4Rzn, and amounted to a whopping $14.93 million.

Interestingly, as reported by Coingape media earlier, the same wallet address has transferred over a hundred million XRP tokens to centralized exchanges to date.

On the other hand, another transfer caught the eyes of crypto enthusiasts, moving a whopping 60 million XRP tokens from Ripple to an unknown wallet, rJqiMb94hy…W8AzELa8nE, today. The amount transferred is equivalent to $42.83 million, as of writing.

The aforementioned transactions appear to come in alignment with the recent buzz around the XRP community.

Also read: LHV Bank Founder Mulls Giveaway For $470 Mln Ethereum Wallet Recovery

XRP Price Rallies, Ripple Emerges As One Of The Top Cryptos

According to recent market data, the XRP price witnessed marginal gains and was up by 0.30% in the past twenty-four hours. The current XRP price is valued at $0.6896, with a 10.20% surge in the past week.

As reported by Coingape media yesterday, the XRP token overtook BNB to become one of the top four cryptocurrencies by market cap. Following Ripple’s advancements in the US SEC vs Ripple Labs, the token witnessed a phenomenal surge in its price, trading volume, and market cap. Sadly, as of today, the token again ranked below BNB, becoming the fifth most circulated crypto token by market cap.

Given the recent upward momentum of the crypto, as well as a bullish sentiment in the broader market, several analysts anticipate the crypto to reach $0.7 in the coming days. However, the investors should tread cautiously considering the volatile nature of the crypto industry.

Also read: SK Telecom Enhance Web3 Offerings With Aptos & Atomrigs Lab Partnership

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