XRP Gains Traction as Whale Moves 39 Million XRP to Exchanges
XRP, a prominent cryptocurrency, experienced significant attention and speculation on Thursday as a whale transferred over 39 million XRP to exchanges. This sparked optimism for the token, which has also shown notable gains in the crypto market.
Data Reveals Whale Transfers of 39.4 Million XRP
The data surrounding the whale transfers of XRP quickly gained attention in the crypto market. The transactions were revealed by Whale Alert, a platform for blockchain metrics. The first transfer moved 22.90 million XRP to Bitstamp, while the second transfer shifted 16.50 million XRP to Bitso. Both transfers were done by the same unknown wallet.
XRP Price Surges
The price of XRP has risen 4.41% in the past 24 hours and currently sits at $0.6492. Over the past week, the token has seen a surge of 5.65% and an overall increase of 8.24% in the past month. This upward movement has fueled optimism among traders and is supported by a crypto analyst who believes XRP is experiencing a bullish trend.
Hot Take: XRP Shows Potential for Continued Bullish Movement
The recent whale transfers and price surge indicate that XRP may continue its bullish movement in the crypto market. With significant attention and speculation surrounding the token, it remains an interesting asset to watch for potential further gains.
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