According to the recent data shared by Whale Alert, a whopping 63,000,000 XRP from some crypto wallet was transferred in the market. This amount of crypto totals $87,290,897. At the time of writing, the XRP price is a slight decrease in the last 24 hours.
XRP transactions have been spotted as price spiking as high as $1.4
Source: Whale Alert
Traders also witnessed increased activity from Ripple as the San Francisco-based payments company also sent a total of 63,000,000 XRP across three separate transactions. In the past 24 hours, users can be seen constantly transferring XRP to wallets and exchanges. This could indicate that users are selling tokens.
Recently, Ripple, which owns more than half of the 100 billion XRP in existence, moved 40,000 XRP worth more than $51 million to a wallet of unknown origins. The payments firm also relocated 15,000,000 XRP worth over $19 million to another unknown wallet and 10,000,000 XRP worth nearly $13 million to a third wallet of unknown origins.
Meanwhile, an unknown entity sent 70,000,000 XRP worth more than $90 million to a wallet of unknown origin. Lastly, a large entity shifted 20,000,000 XRP worth nearly $26 million from Bittrex to an unknown wallet.
XRP/USD 4-hour chat | Source: TradingView
XRP is trading at $1.3 at the time of writing and is up more than 24% in the past week and nearly 70% in the past month. Despite the rise in price, the sixth-ranked crypto asset by market cap is still down nearly 60% from its all-time high of $3.40, which it reached in early 2018.
In the first week of September, XRP struggled to break the $1.4 level. Today’s price hike finally pushed XRP above the resistance as it makes a new high for the month. But maybe due to the Bitcoin movement, XRP is stuck at the current price.
Read more:
- XRP Price Finally Broken The August High At $1.36 After Spiking As High As $1.4, Ready For Another Leg Up
- XRP Price Led Gains Among Top 10 Large-Cap Cryptocurrencies As Resurgence Of Bullish Sentiment