XRP ranks among the most used smart contracts by the 1,000 biggest BSC whales over the last 24 hours

According to WhaleStats, XRP’s utility for whales has increased as XRP ranks among the most used smart contracts by the 1,000 largest BSC whales in the past 24 hours.

XRP spikes in whales’ utility, price consolidates for next move

XRP price looks ready for the next move as it consolidates around $0.83. At the time of writing, XRP is changing hands at $, up 1.60% in the last 24 hours and 6.02% in the past week. The XRP price looks ready for the next move as it consolidates around the $0.83 level. The appearance of a double Doji on its daily chart might suggest a significant price reversal. The Doji is a transitional candlestick formation, signifying equality or indecision between bulls and bears.

XRP ranks among the most used smart contracts by the 1,000 biggest BSC whales over the last 24 hours

XRP/USD daily chart | Source: TradingView

The recent spike in XRP utility among whales after Multichain announced XRPL integration. A decisive move above $0.91 will confirm a buyer’s resurgence and push XRP to $1. Conversely, significant support lies near $0.77 if the bulls cancel.

Multichain has announced that it supports the XRP Ledger (XRPL) for cross-chain connectivity with EVM and non-EVM compatible blockchains. Hundreds of thousands of DeFi users will be able to seamlessly move assets between XRP Ledger and other blockchains thanks to the integration with XRP Ledger.

With the technical support of Ripple, Multichain will facilitate the cross-chain transfer of XRP, the native digital asset of the XRP Ledger. Furthermore, ETH, MATIC, AVAX, FTM, USDT, USDC, FRAX, and other assets will be transferred directly to the XRP Ledger.

Over the past year, Ripple has made strides in providing its ODL services. The company launched the first ODL corridor in the Japanese market during the stated period partnered with SBI Remit. It acquired a 40% stake in Tranglo in Malaysia to expand the availability of ODL services.

After a successful launch, Tranglo is expanding its ODL reach across 25 corridors so providers can process cross-border payments in real-time without the need to transfer funds.

In recent updates on the Ripple case, the U.S. Securities and Exchange Commission filed a new petition, asking the court for permission to edit specific notes from their meetings with third parties. Plaintiffs argue that the notes are protected by deliberative process privilege (DPP), a common-law principle protecting the agency’s internal information.

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